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29 October 2018 | 6 replies
If your QI holds your proceeds until the end of your exchange period you will not receive the funds and recognize the gain until 2019 if your accountant reports it on 2018 tax return with installment sale treatment.
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11 October 2018 | 9 replies
Only offer discounts to tenants that have proven their worthiness.I would give them written notice of the issues and a deadline to have them handled.
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10 October 2018 | 6 replies
First, I only recommend keeping rent low for PROVEN tenants.
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11 October 2018 | 2 replies
I'm a licensed realtor and you would think I would be able to find them, but it's proven harder than I thought.
25 October 2018 | 193 replies
What's more important is to recognize where in the cycle you are and be positioned for it, in my humble opinion.Personally, I would not be heavily leveraged now, or hold onto property in landlord-unfriendly states as we face at minimum, a correction, and possibly a bear market.
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12 October 2018 | 37 replies
We want to be responsible, knowledgeable, and skillful people, someone worthy of respect even if society doe not recognize out contribution.
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14 October 2018 | 17 replies
We got ourselves into debt, we recognized it, and are making our way out now.
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31 October 2018 | 5 replies
@Justin Allen Here is my "starting up" collection:Read Dave Ramsey book "The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness." and complete the baby steps there.Read Scott Trench’s book “Set for Life.”Finish the school and get your degree - you'll need it later, especially if it's business management.Get a job first where you have W2 income.
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13 October 2018 | 13 replies
That roadmap, as of right now, is outlined.Learn - Keep FTJ (Full Time Job)Books, podcasts, BP, peopleFTJ and PTJ options: Go back into being a residential handyman and contractorWholesale - Keep FTJRamp up Wholesaling, possibly until either quitting or finding a PTJ to offset Wholesaling goal - raise capital to flip laterPlataeu Wholesaling, ramp up Flipping while ramping down WholesalingPlataeu Flipping, ramp up Buy-and-HoldLong Term Goal: rental portfolio with extra capital to invest in othersMy motivation does include swinging hammers (I love the physical work), but I recognize that won't be where I need to put myself to make money past the short-term (and my body won't be able to do that forever).
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13 October 2018 | 2 replies
An investor that knows cost will recognize that you cannot be trusted with numbers if you come if far too low . 4# Know the value of the property This one is very simple ,establish property value immediately !