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10 April 2020 | 3 replies
@David de Luna that may well explain the recent lack of activity, but I also left messages and emails 5 weeks ago that were never answered.
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3 December 2021 | 33 replies
I built a vacation home in Bethany beach, Delaware and it’s very similar to the jersey shore.
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20 April 2020 | 18 replies
Anyway, they will probably suggest I create a 'parent' LLC in Wyoming and eventually put all other LLC's into this LLC for the best protection considering Wyoming has strong protections far greater than Connecticut which will help de-incentivize any lawyers from pursuing lawsuits.
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15 April 2020 | 3 replies
Now, if there were some grey areas where you made a decision to write something off immediately as opposed to depreciate it, such as through the De Minimus Safe Harbor, or you chose Bonus Depreciation instead of choosing to depreciate it over its useful life, that's one thing.This is probably the sixth time in the last 2 weeks I've heard "my mortgage broker suggests I show income of $60,000 this year" or "my mortgage broker wants to know if you can move this from Schedule E to Schedule C" and any other number of complete bull-oney that makes me wonder what the heck these brokers think they are doing.
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21 September 2020 | 11 replies
Purchase price: $155,000 Cash invested: $220,000 Purchased this distressed home right outside of University of Delaware and renovated the entire property: new roof, new windows, new siding, filled in an in ground pool, demoed flooded basement and added 4th bedroom, converted half bath to full, refinished kitchen, refinished hardwood flooring, installed LVF throughout home, new plumbing, new electrical, etc.
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26 March 2020 | 13 replies
Properly arrange pillows on the sofa, take wrinkles out of bedding, unplug and hide an electrical cord and make an effort to de-clutter the room for a clean marketing photo.
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25 March 2020 | 2 replies
Is anyone else running into the issue of getting tax certifications in Delaware County for end of month closings?
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25 March 2020 | 1 reply
My realtor, the seller's realtor, my attorney and even their own loan broker here in DE had no idea what was going on during 98% of the process with this company.
30 March 2020 | 12 replies
Maybe work for a commercial brokerage and learn the business.Here are my favorite books:Multifamily Millions by Dave LindahlThe ABCs of Real Estate Investing by Ken McElroyThe Complete Guide to Buying and Selling Apartment Buildings by Steve BergesCommercial Real Estate Investing by Dolf De RoosTrump: The Best Real Estate Advice I Ever Received by Donald TrumpTax Free Wealth by Tom WheelwrightCommercial Real Estate 101: How Small Investors Can Get Started and Make It Big by David LindahlRaising Private Capital: Building Your Real Estate Empire Using Other People’s Money by Matt FairclothThe Definitive Guide to Apartment Marketing by Josh GrilloInvesting in Apartment Building by Matthew MartinezCrushing It in Apartments and Commercial Real Estate by Brian H MurrayThe 7 Secrets to Successful Apartment Leasing by Eric Cumley2 Years to a Million in Real Estate by Matthew MartinezBurn Zones: Playing Life’s Bad Hands by Jorge NewberyCommercial Mortgages 101: Everything You Need to Know to Create a Winning Loan Request by Michael ReinhardIt’s a Whole New Business!
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11 September 2020 | 328 replies
If it doesn't work, I will sell all the units and 1031 into a passive Delaware Statutory Trust (as I am already doing with the unit in escrow).My tenants are working with me and I am working with them.