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29 May 2024 | 9 replies
more than likely you will need to speak to the land groups of home builders or the land and development groups of multifamily buying groups and most are going to be publicly traded. make sure you have enough housing units. if you provide more info I can help out. there's a million different niches in development and more than likely less than 10 buyers for what you are talking about in any niche. we just reached out to Greystar for apartment development site we are putting together that is a vertical development. we called their office for the midwest and messaged every single person on their team on linkedin. put the effort in and you'll get results.
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29 May 2024 | 10 replies
When I use a virtually staged photo, it actually says "Virtual image" on the picture, we state there are virtually staged images in the public comments, and I include a picture of the room as it actually is without the staging so viewers can see reality vs. virtual.
29 May 2024 | 5 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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29 May 2024 | 3 replies
I've progressed from owning fixer upper duplexes in the north end of Winnipeg where I would do the renos myself late into the night; to purchasing large apartment buildings to acquiring properties in 13 different cities across Canada and the United States. to now buying office buildings and institutional-grade grocery-anchored retail centers leased to national tenants and publicly traded companies like Walmart, Safeway, and Loblaws.Before 27, I achieved lean FIRE, all thanks to the inspiration and fundamental concepts from the BP podcast and the incredible people I've met along the way in this entrepreneurial journey by betting on myself, committing to lifelong learning, and nurturing an insatiable curiosity.If someone like me, who barely made it through high school and would be considered "unlikely to succeed" by my peers, can do it, so can anyone reading this.
29 May 2024 | 2 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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29 May 2024 | 12 replies
Reference: Publication 527 (2022), Residential Rental Property - IRS Table 2-1 Even if the investment property only has "15 years of depreciation in a home left" you are still required to depreciate the new HVAC unit over 27.5 years or 39 years depending on the investment property type.
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29 May 2024 | 7 replies
@Namal Burman you have less than a 1% chance of convincing the IRS you meet all the qualifications to be considered a real estate professional WITH a W-2 job.Without a W-2 job, all you have to do is meet these requirements:https://www.irs.gov/publications/p925
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29 May 2024 | 4 replies
This is my first public post and I'm hoping for some encouragement and insight into the decisions and direction I am heading...My family of 4 is moving next week out of our SFR in Milwaukee (between the airport and Bay View for those that are in the area) and moving to a duplex which we will live in it as a single family while our kids are growing up.
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28 May 2024 | 9 replies
I really can’t comment on sizing like this on a public forum without knowing the history and size of the property.
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28 May 2024 | 8 replies
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