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21 November 2024 | 6 replies
This is often one of the first things a real estate investor will outsource.I agree with @Kevin Sobilo about Profit First.
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19 November 2024 | 6 replies
Ultimately, courses can be great for structure and guidance, but real learning often comes from doing and connecting with experienced investors actively succeeding in your niche.For many, podcasts, books, and courses are just entertainment.
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18 November 2024 | 15 replies
If I were to apply for a CFO role now, more than likely I have to advantage over a CFO that was in a manufacturing company for a real estate company.EAs specializes specifically in taxationCPAs have a broader knowledge for accounting, auditing, financial planning, and taxation.EA must pass a 3-part IRS exam and do not require a college degreeCPA need a degree in accounting, 150 credit hours of education, must a 4-part CPA exam.EAs often charge a lower fees
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18 November 2024 | 7 replies
Having a fee causes deferred maintenance and the tenant to fix the issue themselves which often causes more issues.
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20 November 2024 | 13 replies
Once you are setup you will not be using credit cards too often.
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19 November 2024 | 0 replies
However, these are the ones most commonly used:Five-of-Ten-Year Test: You must have materially participated in the activity for any five of the past ten years.500-Hour Test: You must have materially participated in the activity or activities for 500 hours in the current tax year.Step 3: Calculation your participation hoursEnsure you are tracking your participation hours.
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20 November 2024 | 45 replies
This is how it operates in those other countries so often cited as working better.
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19 November 2024 | 1 reply
Just keep in mind that STR and MTR-focused systems are often very different, so finding one that does both well can be tricky.
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22 November 2024 | 20 replies
Often times older properties come with aluminum wiring or lead pipes.
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21 November 2024 | 23 replies
Often times, it's the W2 job that creates the lendability that you need to get going and keep going.