Jeffrey Anderson Gil
Buying Prefabricated houses from China with Alibaba, a good deal?
3 July 2024 | 40 replies
SOMETHING IS VERY WRONG WITH THIS PICTURE.THE LAST TIME I CHECKED STEEL IS STEEL.
Ammar Khan
House-Hacking / Managing Property / REPS?
4 July 2024 | 7 replies
This general log gives an overview of your activities, but it might not be detailed enough for IRS purposes.Example 2: Detailed LogMonday, 7/1/247 AM - 7:30 AM: Monitored security cameras1:30 PM - 2:15 PM: Responded to tenant question regarding parking3:00 PM - 3:30 PM: Monitored security cameras4 PM - 4:15 PM: Checked mail and delivered to tenants, as necessary7 PM - 7:30 PM: Monitored security cameras10:30 PM - 11 PM: Monitored security cameras7 AM - 11 PM: Remained on standby all day for tenant needs/emergenciesThis detailed log breaks down your activities into specific time slots, which can provide a more precise account of how your time was spent.Best Practices for Record-KeepingBe Specific: Break down your activities into smaller time intervals, as shown in the detailed log example.Use a Logbook or App: Consider using a time-tracking app or a dedicated logbook to keep daily records.Document Standby Time: Clearly note the hours you are on standby for emergencies, but also separate it from active tasks.Include All Activities: Document everything from advertising to maintenance and tenant interactions.Consulting with a Tax ProfessionalGiven the complexity of qualifying for REPS, it's always a good idea to consult with a tax professional.
Chanelle Goldson
Successful First Fix & Flip
4 July 2024 | 5 replies
Stainless steel appliances, new roof, new porch, new siding.
Laura Winegardner
Newbie mistake - risks associated with installing unpermitted bathroom?
3 July 2024 | 14 replies
Even if you have to use some steel...
Aubrey Ford
To handyman, or act as my own GC, or spend for the GC?
2 July 2024 | 26 replies
Our highest bidder, a downtown-based construction GC business, could not tell us what grade of lumber was quoted, would not share what brand of garage doors they used ("local vendors"), would not identify their steel beam and column supplier or water service vendor.
Justin Gaskill
Downtown investment from run down eye sore to beautiful home
28 June 2024 | 1 reply
This open concept home includes designer styled kitchen with custom cabinets, granite counter tops, stainless steel appliances including a stainless steel farmhouse sink, vented hood system, and a stunning glass tile back splash.
Justin Gaskill
Downtown Charleston Renovation
27 June 2024 | 0 replies
This open concept home includes designer styled kitchen with custom cabinets, granite counter tops, stainless steel appliances including a stainless steel farmhouse sink, vented hood system, and a stunning glass tile back splash.
Justin Gaskill
Downtown investment Max Profit
27 June 2024 | 0 replies
This open concept home includes designer styled kitchen with custom cabinets, granite counter tops, stainless steel appliances including a stainless steel farmhouse sink, vented hood system, and a stunning glass tile back splash.
Dennis O'Loughlin
Taxes and Refinancing with BRRR
27 June 2024 | 10 replies
It is common misconception that the limit is 10 conventional loans. so, folks will say will lets do a DSCR loan on this one to save a slot for a conventional loan.
Justin Gaskill
Downtown Freemans cottage brought back to life
27 June 2024 | 0 replies
Kitchen has custom Cabinets, Stainless Steel appliances including Gas range with pot filler, tile backsplash and leathered marble countertops.