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15 August 2024 | 29 replies
If an Accountant, a CPA or a tax preparer or anyone who is giving you this advice ...... ( I am not saying anything ).Here is another think - as you are flipping properties you do know that you are supposed to pay estimated Income Tax on your gains.
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13 August 2024 | 21 replies
And if necessary and she can't see it my way, I'll have to find a different tax preparer, I guess. . . .
21 August 2024 | 182 replies
We are in a business/ venture that requires more customers, not less to charge more.
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14 August 2024 | 16 replies
Compare that estimate to the $5k withheld from default contractor. 7- Prepare a delivery of the documented unfinished work, written detail with photographs, a copy of the replacement contractor estimate, with a termination notice certified mail to the default contractor.
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12 August 2024 | 2 replies
Building relationships with experienced wholesalers can also open doors to joint ventures and off-market deals, giving you a head start in the industry.
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14 August 2024 | 19 replies
Will they be prepared to address retirements and disposition?
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16 August 2024 | 17 replies
Additionally, national lenders like Chase and Wells Fargo have strong multi-family loan programs that cater to out-of-state investors.Scaling OwnershipGiven your available cash and equity, here are a few strategies to consider:Leverage Existing Equity: Utilize the equity in your current properties through a cash-out refinance or HELOC to increase your purchasing power.Partnering with Other Investors: Consider syndications or joint ventures, which can help you scale more quickly without using all your own capital.Diversify Markets: While the Midwest is great, keep an eye on emerging markets across the country that may offer similar benefits.Focus on Value-Add Opportunities: Look for properties where you can increase value through renovations or improved management.I specialize in selling new construction duplexes in downtown Indianapolis, and I’ve found that multi-family properties here provide strong returns.
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14 August 2024 | 26 replies
Just be prepared for tenants that can't afford to mow the grass, or change light bulbs.
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12 August 2024 | 2 replies
One of the key changes includes prohibiting the disclosure of buyer's agent compensation through the MLS and requiring agents to enter into written representation agreements with buyers.These changes are set to go into effect sometime in August, and I’m curious about how other agents and investors are preparing for this shift.
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14 August 2024 | 15 replies
The more you learn and connect, the better prepared you’ll be to achieve your goals in this market.