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21 October 2024 | 2 replies
We have a business account with a local bank but we are looking at options that might be better for a real estate investment business as an LLC and that earns a higher yield.
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22 October 2024 | 4 replies
Don't worry about losing.That is likely not the only reason you are losing.We use this language for our clients, "Buyers agree to limit inspection repair requests to major structural, mechanical, plumbing, environmental, and safety issues."
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26 October 2024 | 3 replies
You'll experience more in a shorter amount of time vs. starting off on your own.Aside from the team, I'd also recommend joining agent communities especially those that have virtual meetings to role play, accountability, discuss marketing tips, etc.
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20 October 2024 | 2 replies
@Cody M.I would add a Phase I Environmental Site Assessment as a contingency to any offers on properties more susceptible to environmental issues (dry cleaners, gas stations, auto repair garages, etc.)
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29 October 2024 | 33 replies
They require significant more work than people account for.The first 1-5 years this will yo-yo, so be over equipped for it.
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25 October 2024 | 4 replies
Recently upgraded to pro account and tried using the "find deal" tool.
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26 October 2024 | 5 replies
This all comes down to how you're structured, how the flip cost were accounted for, if there is a partner (you mentioned "we").If it is an S Corporation and you "distribute" or "sell" the property to yourself, if there is any loss on value, which probably there isn't, know it most likely won't be deductible if it's a related party transaction.
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24 October 2024 | 19 replies
This seems to be a result of some smart accounting moves on my part, thanks to an investor-savvy accountant.
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31 October 2024 | 23 replies
If you need a reliable roofing contact, let me know—I’d be happy to recommend someone.Your agent should have negotiated a clear possession date that accounts for the seller needing extra time to move.
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27 October 2024 | 3 replies
(Meanwhile I had to pay a "rent" that went into an account for major repairs) Me wanting a nice house to raise my children put a LOT of my own money in for cosmetic repairs and the house is now worth more than double the original purchase price. $219k - now $500k market price in very southern Maine/NH border.