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16 January 2025 | 3 replies
I have other HELOCs that were much easier to get both personally and professionally.
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18 January 2025 | 18 replies
During the slow season, do you personally focus on getting more rentals, focus more on family/personal life, or do you do something else?
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21 January 2025 | 5 replies
If one project slows down, others can keep moving.Stagger Projects: Start planning your next project while finishing the current one to keep your pipeline full.DSCR Loans: These loans focus on the property’s income, not your personal income, which can help you finance more properties.StrategyFlip and Hold: Flipping one property while prepping another for rental keeps cash flowing and builds your portfolio.BRRRR Timing: Since BRRRR is slower now, using DSCR loans to get multiple properties might be a good hedge.Good luck with your flip and future investments!
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21 January 2025 | 31 replies
With enough knowledge you can make a educated decision on which approach you take.My experience:I personally don't sign up for any program who take you aside during events and try to sell packages that is just blatant sales strategy.Once you sign up there is every attempt to make you sign for their programs for bookkeeping, registered agent, LLC or corp setup fee which have ridiculous even with platinum membership.Basic standard structure they suggest to take advantage of multiple deductions can be easily achieved by proper education or work with a good firm like https://wcginc.com who is local to you.A umbrella C-crop to manage all other LLC properties and take advantage of many tax deductions that are not available with a llc, its also used to take losses up to 100K as startup expenses and dissolve the entity after few years.Few LLC entities for investing in Real Estate, etc preferably in Wyoming or Nevada ( you can find many companies online who can do this for $150 compared to anderson $1500-$3000) , they will claim they have a secret Operating agreement which is bogus.They certainly try to take advantage of tax loopholes and claim to be smart people, my view they are just taking advantage of numbers as per their own statements.
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20 January 2025 | 37 replies
Real estate investing is forgiving; the average person can still make money even with some big mistakes.
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18 January 2025 | 4 replies
What appears to be great "curb appeal" to one person might be overwhelming to another.
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17 January 2025 | 12 replies
Gordon is the owner, I doubt whether he could completely hide behind his LLC to protect personal liability.
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15 January 2025 | 3 replies
The person worked for H&R Block, now works for TurboTax Live and is being honest about their skills: NOT QUALIFIED.
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31 December 2024 | 2 replies
Hello- I have a. situation that I need some clarification and understanding.Situation: My wife is the Conservator and legal guardian of her mother who is in memory care. In order to help finance the care, we are curre...
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19 January 2025 | 5 replies
HELOCs are generally provided to properties that are held in the owner's personal name.Are your family members not interested in refinancing the property?