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18 February 2024 | 5 replies
The only limitations are your creative juices and the law.
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18 February 2024 | 2 replies
Quote from @Randall E Collins: I have properties for wholesale, cannot locate investors in my area, WHY??
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21 February 2024 | 45 replies
If you accuse personalities, parties or ideologies it's probably getting shut down - i e.
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23 February 2024 | 387 replies
Your mentality goes hand in hand from what I learned in the E-myth book"building a network and a team of professionals to help me (property managers, agents, lenders, mortgage brokers, insurance guys, etc.); and training/teaching them to basically do most of the work for me."
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16 February 2024 | 6 replies
@Angelo CortezMost STRs report income and expenses on an IRS Schedule E (not Schedule C) unless your STR is offering "substantial services"-> for example, concierge services or a butler to guests.
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18 February 2024 | 2 replies
I'm with @Randall E Collins, I personally have never had a good experience with it, especially when I was first starting out.
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17 February 2024 | 2 replies
for example if I have a property rented for $2000 a month and I charge 1 month rent as a turnover commission and 10% of each monthly rentals as a management fee I would send my owner a 1099 for the full $24,000 and they would just line items the turnover commission and monthly management fee as an expense on their schedule E , correct?
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19 February 2024 | 145 replies
Euclid off of Euclid Avenue, houses in the E 190s, and the condos in the E 270s are areas that might give you some trouble (though nothing nearly as bad as what you would get in most of East Cleveland).
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16 February 2024 | 7 replies
and your PM will upcharge or charge you for every little thing, that is their business model.If you keep it, you can offset these losses and also try to consider cost segregation to juice it out.Else 1031 into another one, Pocono prices are stagnant for now, you should be able to get almost same price.
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18 February 2024 | 47 replies
I think that was Albert E that made that quote.