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25 November 2024 | 6 replies
If you set it as November 20th and a tenant still hasn't occupied by that date, leave it.
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26 November 2024 | 2 replies
However, I'm now reading Dave Meyer's book Start With Strategy to learn more about whether long-term residential rentals is even the best approach or if I should be looking into other strategies, in light of my overall goal.After Start With Strategy I plan to read Set For Life by Scott Trench, but what other recommendations do you guys have at the strategic level?
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27 November 2024 | 16 replies
Furthermore, I noticed that any initial email I sent out to a sponsor was responded with them encouraging me to set up a time to discuss the business with them.
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26 November 2024 | 9 replies
When you set up your online foundation correctly, you become the obvious choice when they start searching for answers.This is how you rise above the noise and succeed in wholesaling.If you need a step-by-step blueprint on success wholesaling, just respond here and I will lay it all out for you.
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26 November 2024 | 2 replies
I would assume that you'd just simply sell each individual lot to the developer at a set lot price such that your cost to purchase the raw land and improve it to buildable lots was worth the proposed profit per lot.
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26 November 2024 | 4 replies
Spending more than 100 hours and more than anyone else, or substantially all the time in the business.So if you own an STR and meet the test, you can set up a tax deduction machine.Some issues -- You have to count your time, and the time other people work in the biz (cleaning, maintenance, etc..)- If use the property more than 15 days or 10% of the time it becomes a residenceI suspect this is part of why the STR trend has picked up so greatly amongst professionals working in tech.
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24 November 2024 | 0 replies
I could try to sell to someone who would move it, or I could find land to put it on and set it up myself.
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26 November 2024 | 13 replies
If you’re a business owner with no employees or only part-time employees working less than 1,000 hours per year, you could set up a solo 401(k) and contribute up to $69,000, which includes both employee and employer contributions.
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26 November 2024 | 3 replies
This log should include:•The date of activity•The property worked on•Specific activities performedExamples of activities that typically count include approving tenants, setting lease terms, handling repairs, and other hands-on operational tasks directly related to managing the property.
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27 November 2024 | 4 replies
I was told they take care of everything when setting up LLC.