
4 July 2024 | 6 replies
I'm new to this platform and i'm looking to learn from anyone who is familiar with the triangle area and investment deals in general.

3 July 2024 | 6 replies
I also needed to set up some bank accounts for our LLCs so in the process of doing that I ran across Baselane, which is a banking and bookkeeping platform.

4 July 2024 | 6 replies
@James Leespeak with @Brian EastmanHe can get you all setupMost large institutions like fidelity will not allow you to invest in a private syndication unless the Sponsor is registered on their platform and you go through a registered rep - so odds of that being the case are super low

4 July 2024 | 7 replies
This general log gives an overview of your activities, but it might not be detailed enough for IRS purposes.Example 2: Detailed LogMonday, 7/1/247 AM - 7:30 AM: Monitored security cameras1:30 PM - 2:15 PM: Responded to tenant question regarding parking3:00 PM - 3:30 PM: Monitored security cameras4 PM - 4:15 PM: Checked mail and delivered to tenants, as necessary7 PM - 7:30 PM: Monitored security cameras10:30 PM - 11 PM: Monitored security cameras7 AM - 11 PM: Remained on standby all day for tenant needs/emergenciesThis detailed log breaks down your activities into specific time slots, which can provide a more precise account of how your time was spent.Best Practices for Record-KeepingBe Specific: Break down your activities into smaller time intervals, as shown in the detailed log example.Use a Logbook or App: Consider using a time-tracking app or a dedicated logbook to keep daily records.Document Standby Time: Clearly note the hours you are on standby for emergencies, but also separate it from active tasks.Include All Activities: Document everything from advertising to maintenance and tenant interactions.Consulting with a Tax ProfessionalGiven the complexity of qualifying for REPS, it's always a good idea to consult with a tax professional.

5 July 2024 | 10 replies
Check out this great thread by Chris Piper at https://www.biggerpockets.com/forums/12/topics/862964-wholesaling-101-how-to-wholesale-for-beginnersI posted a link to it on my own recent thread, which you might also find useful, it has links to some of the resources I have checked recently https://www.biggerpockets.com/forums/93/topics/1197244-how-to-do-wholesaling-right-in-maryland-east-coast-and-nationwidePiper's thread is where I started my research and am very grateful to this person for dedicating his time to share so much of a valuable information.

3 July 2024 | 4 replies
Quote from @Mike Schorah: Facebook Marketplace is full of drug addicts.I used to find professionals on Craigslist Almost all rental platforms, like apartment.com or turbo tenant, have a provision asking if the rental is per room.

7 July 2024 | 30 replies
Exploring platforms of other private lenders could provide more flexible and potentially cost-effective alternatives.

2 July 2024 | 0 replies
Previously, I dedicated many years to selling custom and semi-custom residential properties for a highly respected and well-known builder in Atlanta.

3 July 2024 | 5 replies
Access your completed documentView and share your signed documents anytime directly from within the Proof platform.7.