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3 December 2024 | 4 replies
I can also share referrals from my network of GCs, lenders, PMs, etc.
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3 December 2024 | 26 replies
Apart from ACH, which is free vs. a fee on other platforms, the software also keeps track of property analytics and can create a statement of cash flows (NOI/Net Income views also available) and has export functions to give your CPA come tax time.
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3 December 2024 | 15 replies
We just bought a house in a highly desired older neighborhood.The owner agreed to owner finance it with 5k down over 5 years at 0% interest.We did put some money into the house to fix it up some.The rental income will cover the payments.Always ask for owner financing, the answer might surprise you.Work with money partners to do more deals.Join your local Real Estate Club and learn new techniques and grow your network.
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5 December 2024 | 13 replies
You cannot transfer the 1031 exchange benefits to another property, and gains are deferred, not eliminated.This post does not create a CPA-Client relationship.
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6 December 2024 | 12 replies
In my experience, it’s all about networking with local contractors and being flexible with your plans to stay ahead of any issues that come up.Happy to exchange knowledge!
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9 December 2024 | 24 replies
There's nothing more important in REI than building a solid network.
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4 December 2024 | 17 replies
Not giving tax advise, so check with your CPA, but I sold a rental after it was my primary for over 2 years and as long as it was considered my primary residence "2 of the last 5 years", I did not have to pay capital gains on my property sale up to the IRS limit.
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3 December 2024 | 8 replies
Primarily in Upstate NY and southern VT for now, but open to anywhere as I'll be using property management and I am confident in my networking abilities.
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4 December 2024 | 8 replies
If you’re looking to invest in your backyard, it helps to network with as many locals in the industry as you can.
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5 December 2024 | 554 replies
I was scrambling at tax time my CPA required I pull/provide a statement although I’m just holding no realized gains.