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13 November 2024 | 15 replies
As a self-employed 1099 individual, your best route is most likely DSCR.
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15 November 2024 | 13 replies
Separate LLC per Property: Maximizes liability protection but adds complexity and costs with individual tax filings.3.
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15 November 2024 | 5 replies
Here’s how to take it further:Follow up consistently - If someone responds, follow up every few weeks to see if they have new deals that fit your criteria.Be specific - Clearly outline your preferred property type, location, condition, and price range to make it easier for wholesalers to keep you in mind.Build relationships - Try setting up a phone call instead of just texting.
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14 November 2024 | 8 replies
and connecting with local REI individuals and attending meetups to learn from experienced investors.
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13 November 2024 | 2 replies
-If you're an investor how do you prefer to be approached by a new wholesaler?
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11 November 2024 | 8 replies
From page 730 (emphasis mine): "All non-business tax deductions and exemptions that were temporarily suspended by the 2017 tax bill should be permanently repealed, including the bicyclecommuting expense exclusion, non-military moving expense deductions, and the miscellaneous itemized deductions.23 The individual state and local tax deduction, which was temporarily capped at $10,000, should be fully repealed.
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15 November 2024 | 7 replies
My contractor has one credit card for all of my individually owned buildings (jointly not multiple cards) and one credit card for the building I own in a partnership.
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14 November 2024 | 5 replies
I do have experience with significant home renovation but for a personal residence, based on my experience with this I would prefer to buy a property built after 1970 if possible but not sure if that's realistic, the only deals I could seem to find from the MLS are very old houses which I know often brings more challenges with the renovation.Would appreciate any references or suggestions anyone has, so far I've only invested in rental properties that were already in good condition bought with a loan.
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13 November 2024 | 8 replies
Break down your rehab into individual jobs, for example get a electrician for electrical work, a plumber to repipe the house, a dry wall guy to close out the walls, etc.
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11 November 2024 | 5 replies
Quote from @Austin Schubert: Quote from @Chris Seveney: Quote from @Austin Schubert: Would anyone have a sample template of a proposal that you've used in the past that goes over how your structure a deal with a private money individual?