
12 September 2024 | 5 replies
Start-up costs are also deductible but are amortized over 15 years with a limit of 5k.Start-up costs have strict rules and your case might not be the same as this one.Case Summary:Timeline line of eventsStarted investigating property: FebPut first contract (canceled): MayBought first property: December 30thWhether a taxpayer is engaged in a trade or business is determined using a facts and circumstances test under which courts have focused on the following three factors that indicate the existence of a trade or business:Whether the taxpayer undertook the activity intending to earn a profit;Whether the taxpayer is regularly and actively involved in the activity; andWhether the taxpayer's activity has actually commenced.On the basis investor testimony, we may assume that he undertook this activity to make a profit and that he regularly and actively engaged in it.

10 September 2024 | 2 replies
What strategies do you use to connect with private lenders willing to fund high-risk real estate investments?

12 September 2024 | 13 replies
I am actually trying to lock down a private money lender so I might not need a traditional bank for the loan.

9 September 2024 | 12 replies
To get started, educate yourself with resources like "The Book on Private Money" by Matt Faircloth.

11 September 2024 | 10 replies
If the math won't work there, then the deal is probably not going to be worth a deeper investigation.

9 September 2024 | 49 replies
They recommend anyone else that this has happened to also file a complaint and they will investigate.

13 September 2024 | 35 replies
North Coast Consulting Group , we are a private lender TED, you posted you have " A LOT of props you want to sell" what's up.

18 September 2024 | 67 replies
If you private message me I can send you some questions to ask when you are interviewing.

13 September 2024 | 20 replies
Each of these markets has its pros and cons, from rising property values to varying regulations on short-term rentals.As for financing, beyond traditional mortgages, you could explore DSCR loans (especially useful for rental properties), private lending, and even seller financing.

12 September 2024 | 32 replies
Lower down payments (was once 30% down) and more flexibility from the lenders. 3) Competition from private equity and others.