The restaurant currently does over $1 million in sales annually, and they’re only open 5 days a week for dinner.

Offered $20k over asking within a week of it coming online.

Weekly calls that Scott hosts are done and he will go over any deals you want his to check out with you.

I typically recommend that my investors start with more cosmetic flips that can be done in 3 weeks to 2 months to build the capital for bigger rehabs that have more equity. 

What I did was after my sale was under contract and I was down to a couple weeks from closing I started shopping seriously and had my replacement under contract a couple days before my sale closed.

This book is full of resources and education and if you order before 12/1 you get the best value because it includes ✅ Access to a live Q&A with James and gets his “The Flipping Workbook”✅ Sample Statement of Work✅Buy Box Worksheet✅James's Flipping Calculator✅Core Team Members Worksheet✅Tool Kit✅Glossary of Terms✅One person wins a giveaway: Free Pro Membership, All of Project RE content, Education, and Weekly calls with James & his communityOrder it paperback, hardback, audio, or ebook.

Have a detailed scope of work in writing and set clear weekly milestones with your GC.

For example, travel nurses often sign their contracts less than a month in advance of their assignment and the typical assignment is 13 weeks.

I just closed on my second 4plex in Emeryville this week, which is 75% occupied, and every unit is renting below market (~$250-$1500 less).

We purchased a property in early October and are placing it in service this week (mid November).We had intended to run a cost segregation study and try to accelerate depreciation which we can deduct against our W2 (assuming material participation).However, we have been reading through the IRS guidelines (eg publication 946 on Property Depreciation) and there seems to be the concept of "short year" which would mean that we can only deduct ~1.5/12 of a year's worth of depreciation in 2024.Is this correct or are there any different rules for STRs specifically?