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25 October 2024 | 4 replies
Recently upgraded to pro account and tried using the "find deal" tool.
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26 October 2024 | 5 replies
This all comes down to how you're structured, how the flip cost were accounted for, if there is a partner (you mentioned "we").If it is an S Corporation and you "distribute" or "sell" the property to yourself, if there is any loss on value, which probably there isn't, know it most likely won't be deductible if it's a related party transaction.
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24 October 2024 | 19 replies
This seems to be a result of some smart accounting moves on my part, thanks to an investor-savvy accountant.
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31 October 2024 | 23 replies
If you need a reliable roofing contact, let me know—I’d be happy to recommend someone.Your agent should have negotiated a clear possession date that accounts for the seller needing extra time to move.
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27 October 2024 | 3 replies
(Meanwhile I had to pay a "rent" that went into an account for major repairs) Me wanting a nice house to raise my children put a LOT of my own money in for cosmetic repairs and the house is now worth more than double the original purchase price. $219k - now $500k market price in very southern Maine/NH border.
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24 October 2024 | 7 replies
., I definitely agree with the accounting piece, what are you thought on the legalities side of this.
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24 October 2024 | 18 replies
When I go to Tools/Pro Partners/Home Depot and click on "Activate Perks" it has me sign in to my Home Depot account.
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19 October 2024 | 7 replies
I’ve worked with tons of investors in Phoenix and Austin for the last 20 years, and I can tell you firsthand that there are no shortcuts.
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27 October 2024 | 16 replies
My advice is: If you are managing from a distance, you need someone with a high level of accountability and close proximity to care for your assets.
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30 October 2024 | 28 replies
Our model is basically 2 people to a room, each individual pays $175 a week, each house has a manager (who lives free of charge)that handles intakes, discharges, accountability, checking chores and collecting the rent.