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21 January 2025 | 5 replies
I read about a 1091 exchange and if i reinvest my money into another property within 6 months then ill avoid paying the taxes on it. is this a good plan, if not do you have any other suggestions.
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9 January 2025 | 116 replies
We want to be traveling and sailing throughout the year, not just when a job allows me to use my 10 days of vacation.
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5 February 2025 | 38 replies
I asked about 3rd party accounting.His response was it'll take 6-8 weeks at least for them to come up with a plan but the conversion to shares is permanent.
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23 January 2025 | 5 replies
., HVAC tune-up, plumbing fixes)Deep clean entire property pre-listingEstimated Cost: $5,000Total Estimated Renovation Cost: $145,000Project TimelineWeek 1-2: Planning and DemolitionFinalize design and materialsObtain necessary permitsBegin demolition (kitchen, bathrooms, floors)Week 3-5: Structural and Major InstallationsInstall new cabinets and countertops in kitchenComplete bathroom tiling and vanity installationRefinish or replace flooringWeek 6-7: Painting and FixturesPaint interior and exteriorInstall lighting, hardware, and plumbing fixturesWeek 8: Finishing TouchesLandscaping and curb appeal updatesDeep cleaning and stagingTotal Timeline: 8 Weeks*This link comes directly from our calculators, based on information input by the member who posted.
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10 January 2025 | 28 replies
I typically plan for 5% of my rents to be saved for vacancy.
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27 January 2025 | 12 replies
Thank you all who responded, I plan on spending some time driving the neighborhood and talking to anyone at the local coffee shop who will talk to me.
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10 February 2025 | 24 replies
I’ve just started his Land Trust program and plan to attend his 3-day workshop this spring.
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29 January 2025 | 68 replies
I think this business plan exists in all types of real estate and non-real estate businesses.
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21 January 2025 | 15 replies
Quote from @Michael Smythe: @Felicia Jenkins the shorter the term of the lease and the more tenants there are, the more challenges you'll face - especially if you plan to manage remotely.Who will be your boots on the ground, do showings, maintenance, etc.?
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23 January 2025 | 9 replies
When i press on the cracked areas, it does not appear soft or wet.I plan to fix it, but I worry it may reappear in months.