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10 February 2025 | 6 replies
I would say, "Deals like this go fine all the time... until they don't!"
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3 February 2025 | 31 replies
It just takes time for most investors to become “rich” off real estate.
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3 February 2025 | 8 replies
Documents off Google never work, as I tried...too many times.
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14 January 2025 | 3 replies
You might want to get in touch with @Andrew Freed and Jonathan Bombaci, they are locked into several of the MA meetups which are great ways to connect with other investors in real life.
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18 February 2025 | 9 replies
As you mentioned intentional flips are typically considered inventory-This means the income is ordinary income and as such: - Is not a capital gain, so hold time of 1 year does not change to a better long-term capital gain rate - Can not be invested in a QOF Deductions related to it can't be pushed or changed- all costs are accounted for with the inventory component
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7 February 2025 | 9 replies
You may want to make an introduction between your CPA to those 2 colleagues.The CPA can go over their services and pricing to your colleagues.I partner with many people on real estate deals - It never gets to a discussion on whether they do their own tax return or hire a professional.If a partner mentions he will provide capital - does he provide the capital on a timely manner.If a partner mentions he will find deals - does he find many deals and provide an analysisIf a partner mentions he will manage a property - does he manage the property well(find tenants, collect rent, communicate with contractors, etc)
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5 February 2025 | 4 replies
But do you think that 4-5 years is not a window enough of time for them to recover?
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3 February 2025 | 15 replies
Figured there would be a few data points left out of the equation' that I would need to circle back with :) .There are additional units not rented at this time which could be rented to increase the income.
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19 February 2025 | 4 replies
Make no mistake it isn’t quick or especially comfortable but it can definitely be profitable.As for the rent a room thing in most locales I have to wonder if the additional rent is worth the hassles of dealing with the increased time and liability of multiple tenants in one property but that’s a totally different conversation.
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2 February 2025 | 2 replies
All things considered, on the market for months, its now winter time, cold weather, holidays, and dark at 5 pm, not prime selling time, I offered $250,000.