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1 September 2024 | 4 replies
Ill shoot you a DM I know a great broker there that can help in home selection and contract negotiation, but cannot improve the ROI if it simply isn't there
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1 September 2024 | 6 replies
Repairs like fixing faucets can be deducted in the year they are performed, while improvements like insulation must be capitalized and depreciated over time.
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30 August 2024 | 6 replies
You cannot use it for improvements on property you already own.
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6 September 2024 | 79 replies
everybody get a pen and paper I got the information on Keystone funding Network it's a division of funding for flipping which is an internet program where they try to get you involved in getting their program using their computer software and all that kind of stuff Josh Allen will contact you after you get a 15 day free trial let me back up you can sign up and get a 15 day free trial everyday they will send you one or two or three or four emails and they all involve a video of some type just about as it tutorial supposedly I think really it's a smoke screen because you go into the website so far everything I pulled up is in the MLS just about and I tried to get to the funding sources they said they have hundreds of them and I signed up as a member for the 345 or $395 a month cuz I'm going to cancel in about 3 or 4 days anyway to see if they actually have lenders out there so far I can't get to it and I've met all their guidelines so what they do is Jerry Norton Jerry Norton it's called jln Group LLC 5406 West 11000 North Suite 444 Highland Utah 84003 I got several emails asking how I like the program so far I haven't been able to get into the program so far 90% of the time and as far as sources for funding they say they have sources for funding and it's free as I want me to respond to one of their emails where they will do a telephone interview so that I can be allowed access to hundreds of thousands of dollars and private investor money and what they do is an invedtor walk you through what you need to do like a mentor so to speak. after you find the deal you submit the deal and then what they do is they will give you a proof of funds letter so the person will take you legitimately I've never had to do that I just Pony up about $3,000 cash and put it in escrow so they know you're serious proof of funds letter doesn't mean squat most of the time especially from a private investor if it comes from a bank that's a different story so what they do is they want to walk you through the process supposedly they put a group of investors together and they fund 100% of your deal they will hook you up with the contractors who were going to do whatever improvements are and after everything is said and done basically you get a percentage of the net profit and they get the balamay get about 60% of the net profit.
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30 August 2024 | 0 replies
This successful flip highlights our ability to maximize returns through efficient project management and targeted improvements.
30 August 2024 | 29 replies
I have all this cash in hand and I feel IRS is going to take a big chunk from it.I just did many repairs/improvements on the other property as write offs to help somewhat when I file next year.
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31 August 2024 | 18 replies
Have there been any improvements over the time you’ve held the property?
1 September 2024 | 3 replies
Also look at your screening and management processes to see if they can be improved to reduce the chance of a it happening again.
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1 September 2024 | 10 replies
You can consider refinancing into a DSCR loan later when rates improve.
30 August 2024 | 13 replies
Additionally, from the PMs perspective, why would you turn away an owner who is willing to improve their asset that you manage?