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6 October 2024 | 1 reply
Partner 2, providing repair and renovation skills, can be compensated either through being paid for their work or through a similar equity split, around 20-30%, while still reflecting the value of their expertise and labor.Partner 3, who brings the capital, usually covers down payments and renovation costs, which justifies them receiving a larger share of the profits, often in the range of 40-50%.
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7 October 2024 | 5 replies
Feel free to inquire about their staff qualifications if it's a larger organization.2.
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6 October 2024 | 14 replies
I think all of the larger storms are going another way.
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6 October 2024 | 2 replies
Whether that is from my monthly investments or on investing larger bulk payments ive made to make sure even if my houses all burnt down I will still be ok.A lot of rambling but thats just my thought process in life!
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14 October 2024 | 420 replies
Or in some cases you may pay him less than the $50k, do a loan with him for more than $150k, and pay him on the larger amount while he pays his lower amount to the bank.But now matter how you structure there are a few risks.
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7 October 2024 | 35 replies
So the independent contractors get a small payment to complete tasks.
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3 October 2024 | 46 replies
We are both physicians and relatively intelligent humanoids, but without knowing what you don't know, it seems a difficult task.
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7 October 2024 | 20 replies
Prior-year losses can’t offset W-2 income but can be used for capital gains or future rental income.For audit risk, high earners using REPS face increased scrutiny, so be prepared with detailed records.For material participation, keep a time log with tasks, dates, and hours spent on rental activities like tenant management, repairs, and bookkeeping.
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6 October 2024 | 49 replies
I think everyone is missing the point.. as a small time builder myself and very familiar with how most builders work especially the larger ones..
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2 October 2024 | 0 replies
We keep everyone in the loop all throughout the process.To stay on track, we maintain a comprehensive checklist that covers all the tasks involved in closing a deal.