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27 November 2024 | 13 replies
Study up on warrantable vs non-warrantable condos.One idea I think for a fresh grad, is to find a great RV park operator.
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26 November 2024 | 2 replies
It's a strategy that has proven effective time and again.Five years is a solid timeframe to account for market fluctuations and ensure profitable sales.
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25 November 2024 | 6 replies
We would meet once a month and just hold each other accountable for the steps we are all taking in building our RE business.
25 November 2024 | 3 replies
But with this being a 5 unit multi-family building most lenders do not offer a loan product that will take the STR revenue into account.
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28 November 2024 | 4 replies
We use DealCheck to underwire and QuickBooks Online for everything related to accounting and numbers.
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15 November 2024 | 7 replies
We use accounting software that codes the income and expenses to the property (called a class) so we can run P&L;s on each property with ease.Your accountant and bookkeeper will also thank you later for keeping it simple and avoid significant accounting costs.
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25 November 2024 | 5 replies
I have a US credit score, US bank accounts and some US-based income, but my paychecks are not.
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26 November 2024 | 3 replies
The best strategy depends on your goals, but here’s a breakdown:Selling outright would result in paying capital gains tax and depreciation recapture, but since the appreciation is minimal, the tax impact may be relatively low.Gifting the property to your son could potentially allow him to sell it with a lower tax rate, but since he hasn't used it as a primary residence, he won’t qualify for the exclusion of capital gains tax on a primary residence, and you'd need to account for gift tax implications.1031 exchange could defer taxes, but you would need to purchase a like-kind property of equal or greater value and meet all the IRS requirements.
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20 November 2024 | 2 replies
Hi my Name is Travandra but you can call me Nicki, I have been studying and trying to get into real estate wholesaling for over 10 years.
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14 November 2024 | 21 replies
(although, with the new smart phone technology, they do require gmail accounts, as such, sending from that account from your phone is fine, but you should be sending to people who already know you have a real email account.