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16 January 2025 | 3 replies
Here are some practical steps and strategies to consider:## Single Family and Small Multifamily HomesWhen looking at single-family and small multifamily homes in northern Illinois and southern Wisconsin, make sure to analyze the local market trends, rental yields, and property appreciation rates.
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22 January 2025 | 8 replies
@Jacob HavlovickBigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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27 January 2025 | 12 replies
Any recommendations on Houston REI groups that meet in person or virtually?
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23 January 2025 | 2 replies
Would definitely recommend finding a partner who can help walk you through this if you decide to move ahead.
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1 February 2025 | 15 replies
I HIGHLY recommend you have a conversation with an attorney.
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27 January 2025 | 10 replies
In the meantime I would love to have some helpful information or ideas to share with the buyers when we meet and ideally an agreement/contract we could fill out together once new terms are agreed to and then share that with the attorney so he could draft up the formal instrument for recording.If you have experience with this type of scenario, I’d love to hear any recommendations you have or any helpful resources you could point me to for the appropriate paperwork.Under foreclosure laws, you have to send appropriate notices and try to work with the borrower and offer a loan mod before foreclosure anyway.
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30 January 2025 | 8 replies
@Simon Packman - This year I got insurance for a quadplex through Steadily Insurance (Broker) that I've been happy with, so I would recommend giving them a call.
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4 February 2025 | 5 replies
I wouldn't recommend an ADU and take that money and invest it where you can pull capital out faster. you can do much better.
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17 January 2025 | 37 replies
membership is something like APPL which is just non regulated group of private investors working on best practices but there is no authority behind them like state license or NMLS registration has ..
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30 January 2025 | 5 replies
I know you want to go full time and jump in, but I'd recommend staying with your day job as long as you can - it makes your life a lot more comfortable to have a steady stream of income to pay the bills every month!