Daniel Borgenicht
Investing in a condo as a long term rental
13 January 2025 | 3 replies
I'll Google those items and see what I find.
Brandon Dixon
100 percent financed/Juan Pablo reviews?
23 January 2025 | 39 replies
We understand that not every negative item we dispute will come off.We persist until we succeed because you must have a high-level of doggedness as a real estate entrepreneur.We understand there will be sunk costs and time being wasted.
Jim Stanley
Worth it to use insurance for a repair.
23 January 2025 | 9 replies
Home insurance would cover anything on premise, but as @Jonathan Bock stated, it's usually for significant damage.This might be something you would tackle on your own, but worth to have a conversation with your provider first to see what they have to say.
Victor Adekunle
3 Proven Strategies to Help Real Estate Investors Generate More Deals & Maximize ROI
14 January 2025 | 0 replies
Use Automated Follow-Ups to Build RelationshipsMost deals aren’t closed on the first contact, which is why follow-ups are essential.Example Workflow:Day 1: Send a thank-you email after a seller contacts you.Day 3: Share a case study of a seller you helped.Day 7: Send a friendly reminder with a call-to-action like “Let’s schedule a quick call to discuss your options.”Pro Tip: Mix email and SMS follow-ups to keep the conversation warm.Why It Works:Automation saves you time while nurturing leads until they’re ready to sell.3.
Michael Plaks
DEBUNKED: EOY tax planning "tips and loopholes"
23 December 2024 | 12 replies
Since conversion to Roth creates a one-time tax hit, it should be carefully planned.
Victor Yang
if i gift a house, is the cost basis what i purchased it for or the FMV?
23 January 2025 | 7 replies
Gifting equity in a house may be more trouble than it is worth if you are not near the life-time exclusion1) Potentially having to get the property appraised everytime an equity is gifted2) Having a title company update the title every time3) Exemption of the gift tax return is normally for cash gifts below the annual gift tax exclusion, you may still need to file if you gift non-cash4) If there is partial ownership over several years, having to properly pro-rate certain items such as real estate taxes, mortgage interest and rental income if the property is a rentalBest of luck
Julio Gonzalez
Is my property a good candidate for cost segregation?
17 January 2025 | 2 replies
Again, this is a conversation to have with your accountant to ensure the benefits would outweigh the costs.Another misconception is that there is little value in a cost segregation study for properties that do not have a lot of personal property in them or very little interior build out, such as industrial warehouses.
Melanie Baldridge
A post on recapture.
21 January 2025 | 2 replies
By making partial dispositions, you can also avoid subsequent recapture on these items when you go to sell.
Shannon Vistisen
Purchase the LLC or the property alone
18 January 2025 | 5 replies
I think you will definitely want to talk to your lawyer because there may be items linked to this transaction you are not considering.
Chris Magistrado
Remote Flipping, is it possible?
21 January 2025 | 7 replies
Regarding next steps, I agree that the best way to approach this would be to have one person act as boots on the ground and the other person handle the back office related items.