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13 August 2024 | 69 replies
When I was on the firing line of course we did not have internet like today and Investors were generally local so they would walk into the office .
12 August 2024 | 22 replies
Any advice is greatly appreciated :)Get to know one developer socially that you get along with well.Share your interest in the business.Seriously, meet for a coffee seems really (W2)....probably isn't the best thing.If you are (W2) your wage slave hours might conflict with the business hours of your intended teacher.But seriously, meet for a coffee with your carpenter, landscaper and close friends.I think the best way to learn is to hang out together as friends with a mutual interest, but if you are (W2)-ing all day...that leaves no hang out time.Go to a 2.5 hour lunch on a moments notice, hang out together in the office, go look at sites together....What is a finance professional--a lender, a CFO, an accountant, a spreadsheet guy running calcs, a statistician, etc???
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10 August 2024 | 10 replies
It as has a newer model home onsite a business is renting as an office.
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11 August 2024 | 99 replies
LLC orS-Corp.Don't be in the wrong type ofentityFirst – Asset protectionbenefitSecond – Tax savings benefit Rental Real Estate – 1031(same in LLC or personal name)Syndicate - 15% or more in taxsavings, self-employment tax (flippers may use this) Expenses for write off &deductions: equipment & appliances, home-office ($5 per sq ft.), travel costs (related tobusiness), kids (income shifting by payingthem to work for you, meaning business related), membership, conferences &education, meal expenses for business, retirement strategies (selfdirected investing, tax-free or tax deducted, 401K/IRA)depreciation Pro-active Planning / Get a taxadviser Talk to your tax adviser inadvance Fire OutOrganize expenses, listquestions, changes (buy, sell, etc. properties.)Changing entity type from LLC toS-Corp etc.
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9 August 2024 | 47 replies
I don't even keep copies in the office.
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8 August 2024 | 2 replies
I want to take the equity of my current property for the down payment on the other, my current mortgage lender does not offer equity line of credit for mixed use property, the loan officer told me I may find some lenders offer that type of loan.
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7 August 2024 | 4 replies
I know their next one is on August 8th at their office.
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7 August 2024 | 5 replies
We classify our VA tasks in Tiers.Tier 1 - Simple Admin Tasks and IntakeTier 2 - TriageTier 3 - Front Office (Calls, Setting, Appointments, Follow-up, Lead Gen, etc.)Tier 4 - Back Office (Systems, CRM, Billing, etc.)Tier 5 - Subject Matter Expert Tasks (high stakes work) Most of our VA's do Tier 1 - 3.
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8 August 2024 | 7 replies
If it is a great property and the #s make sense, then reach out to your loan officer.
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7 August 2024 | 13 replies
In addition your tenant can cause you headaches by doing intentional damage and reporting you to section 8 office.