
31 January 2025 | 2 replies
The person I would seek advice from is a CPA about this.

31 January 2025 | 0 replies
Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

11 February 2025 | 4 replies
You could give them a thousand bad reviews, if they are the only person in town offering a specific type of product, people will still do business with them.

25 January 2025 | 7 replies
We also find that most flippers are working with contractors who are not quite large enough to get deals from distributors.

8 February 2025 | 12 replies
I personally do recommend Columbus Ohio for many reasons.

29 January 2025 | 25 replies
Things they did bad which I wish I had asked more information about:Never involved in the screening of tenantsThey recommended keys for cash by waiving the rent amount buy only collecting fees which they would get not meThe cost to evict is 750-950 yet other companies told me they will include eviction in the priceThe tenant didnt pay in full last month and I was the one calling out to them and asking questions then a few days later I get an email saying something happened with the tenant and they are investigating.You get passed from person to person every week or so.No one told me when the construction was complete and so the house was ready for a week and the post to zillow and other sites was not done.It took them another week to take pictures and then another week to upload it.I was paying 200 dollar a month electric bills while the house was vacant because they left the AC running in the empty property.

3 February 2025 | 26 replies
The best part is there is no ownership seasoning period with one of these lenders and they don't report to personal credit.

29 January 2025 | 10 replies
I believe that the technically correct answer is that they all moved from California to Texas and Florida, whereupon they realized that it gets extremely hot and humid in those places, has extremely variable weather, and large insects, and are now leaving Texas and Florida.

29 January 2025 | 12 replies
I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.

27 January 2025 | 15 replies
@Laurens Van swol a few banks that we've worked with in the past allow you to close in your personal name.