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29 November 2024 | 2 replies
There are many times the architect/engineer gets busy doing other jobs and forgets your plans at the city or delays picking them up/making corrections 4.
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30 November 2024 | 11 replies
Tenant also does a good job keeping the place inside clean.3.
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26 November 2024 | 3 replies
Start SavingOnce you land a job, build up your savings for your first deal.
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23 November 2024 | 4 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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5 December 2024 | 31 replies
But on a large job where you;re just getting a remodel permit anyway, it's a no-brainer.
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2 December 2024 | 33 replies
The answer is both and neither, all depending on what you're trying to do and which tool is best to complete that job.
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26 November 2024 | 4 replies
Problem is only "RE pros" get to do it.There are 3 income classifications in the US - Active, Portfolio, and PassiveActive income is income derived from your job, or normal trade or business.Portfolio income is derived from bank instruments - stocks, bonds, etc.Passive income is income earned from investments.Active losses can wipe out both passive and portfolio income, but it doesn't work the other way around.Portfolio (capital) losses are limited to $3,000 annually.Passive losses can only be offset by passive gains.Real estate rental income by its nature is deemed passive per IRC Sec 469One way to get around it is to become a pro - spend more than 750 hours or 1/2 your time in real estate.But most folks aren't real estate pros.
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27 November 2024 | 48 replies
I have a full time W2 job that takes up much of my time, so I'm leaning toward Turnkey until I gain some experience.
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27 November 2024 | 8 replies
.- We have busy but well paying jobs and don't like to spend time in building sweat equity (BRRR, flip), so will take a slightly low maintenance approach and buy relatively newer properties in B class neighborhoods and use property management for day-to-day operations.Goal:- To get to $10K/month net profits with real-estate (today's currency) in 15 years when we plan to retire.
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27 November 2024 | 10 replies
It's also worth mentioning that I already have a good relationship with a wholesaler in town who knows other good contacts, and I am able to use some of these contacts as good resources for general knowledge and learning how it all works.I recently had to close my business of 9 years, and so instead of getting a W2 job or start some other "normal" business, I'd much rather prefer to have house flipping be my primary source of income.