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25 September 2024 | 5 replies
Hi Lilly,Having an LLC has some advantages compared to flipping including the ability to deduct business expenses like mileage and meals, which can lead to significant tax savings.
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24 September 2024 | 6 replies
Remind them of the peace of mind you offer by ensuring the deal won’t fall through and that you handle all the details.With a few adjustments, your approach can be even more effective in converting leads to deals.
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24 September 2024 | 5 replies
Some lean toward STR focused apps, other lead toward LTR apps.
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24 September 2024 | 8 replies
Does anyone have any leads on agents or other companies I could try?
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24 September 2024 | 9 replies
This also leads owners to ASSUME simpler is better when it comes to management contracts.
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24 September 2024 | 6 replies
@Courtney HamiltonI have found that my rental listings are no longer Auto pushed to Zillow even though Zillow generates by far the most traffic for a rental listing almost 70% of the leads are from ZillowWhen you do your market analysis I would highly recommend pricing your property $50 below your competition because best products and best price equals the best tenant.
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24 September 2024 | 6 replies
The fix-up/lease-up process raises the NOI and ultimately forces a higher property value, leading to a cash-out refi within the 5-year term.
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24 September 2024 | 0 replies
Purchase price: $120,000 Cash invested: $25,000Our latest Flip, this was a pre- foreclosure lead.
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27 September 2024 | 27 replies
Just work your tenant leads, find the best one, screen & lease them, and you're on your way.
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24 September 2024 | 0 replies
The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the current bonus depreciation rate at 60%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.