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13 November 2024 | 13 replies
The more people you meet, the greater chance you will find new cash buyers.Online Lead Capture FormAnother way to find cash buyers is through online lead forms.
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20 November 2024 | 37 replies
In practice how Mello Roos works is you create a political subdivision and apply to the county they approve the area for the Bond issue.. you need Bond council and a investment bank to create and sell the bonds. once the Bond issue is approved this allows the developer to get a Bridge loan to build said improvements ( that are usually 5 to 50 million or so) Once improvements are in and taken over by the county the Bond money is released and is used to pay off the Bridge lender..
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11 November 2024 | 2 replies
Now, I know someone could say the cost should be "negligible" couple of hundred dollars a month, in comparison to the whole buildout budget, but still I do want to know what are the best practices out there.
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14 November 2024 | 12 replies
Check out other online guides available here: https://www.biggerpockets.com/guides3.
15 November 2024 | 14 replies
As you get closer to investing, network through meetups and online communities to learn from others.
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12 November 2024 | 1 reply
If not, even though you are a re pro, losses are passive & deductions are limited.There are 7 scenarios that will qualify as material, and you only need to meet one:*500 hours*Substantially all participation*> 100 hrs and at least 1/2*Significant participation*5/10 years*Personal service activity w participation in last 3 years*Continuous participationTo materially participate, you must be involved in the operations of the activity on a regular, continuous, and substantial basis.Once you pass the pro test, the material participation often comes along for the ride.You can elect to aggregate all rental real estate for purposes of measuring material participation under Sec. 1.469-9(g).Your time spent on all your rental properties (STRs don't qualify) counts as one activity, making it easier to materially participate.In order to make a strong case with your CPA and the IRS you need to document your hours.Best practice is an hours log where you are as specific as possible.
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12 November 2024 | 1 reply
Also from what I've read online breaking into the insurance side of things sounds like it requires cold calling and building relationships with those reps vs just registering property in database and waiting.
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15 November 2024 | 13 replies
I plan on splitting this land into two 1.5 acre lots as there is enough road frontage, but I'm concerned that someone could show up and want to start drilling in the backyard.I think someone wanting to drill is unlikely for the following reasons:- the original owners are probably dead and the ownership is split between inheritance to multiple people- the lot is too small for them to mess with- there is only a single active well/pump within 30 miles from what I can see online.
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8 November 2024 | 12 replies
Do you mainly rely on driving for dollars, online platforms, or networking with other investors?
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13 November 2024 | 4 replies
Here is a list of many things you need photos of that won't be available online:1.