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19 July 2024 | 12 replies
The details are controlled by Section 483 of the Internal Revenue Code.https://www.law.cornell.edu/uscode/text/26/483Some bloggers, YouTubers, gurus etc. mistakenly refer to two other sections of the tax code, so let me address this confusion.Section 7872, also described in IRS Publication 550 as "below-market loans."
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19 July 2024 | 21 replies
I appreciate and will reference each one of these.
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18 July 2024 | 1 reply
@Lauren DiMeoRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
18 July 2024 | 7 replies
What deadline are you referring to?
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18 July 2024 | 23 replies
Some referred me to their commercial lending division if that was the plan.I guess the bottom line is to check and make sure that the 10% down 2nd mortgage doesn't have that clause if you intend to move it to an LLC.
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17 July 2024 | 8 replies
To work with investors as an agent I recommend connecting with GC's and PM's so you can refer those to clients.
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20 July 2024 | 32 replies
@Michael DumlerAre you referring to the Ocean City market?
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19 July 2024 | 23 replies
@Nick SansiveroRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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17 July 2024 | 8 replies
Hi when you say website, should hosts for ABB, VRBO, FB etc have an actual we dire or are you referring to the listing links within those portals?
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17 July 2024 | 19 replies
@Randy Duncan there is something to keep in mind when you are a landlord: no matter what a lease says, a section 8 contract, a blood oath or whatever, the landlord ALWAYS has ultimate responsibility.You can refer back to your lease and contract all you would like but if something breaks and a tenant doesn’t pay for it you will be stuck with the bill.