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22 January 2025 | 4 replies
For me, if I make $1500 net per month on a free and clear property I would make $18,000 / year.
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4 February 2025 | 10 replies
If you haven't already, read "The Book on Estimating Rehab Costs" by J.
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29 January 2025 | 2 replies
You can also assess a dollar amount that you value the cost of these requests to be, and ask for these as a discount from the purchase price or a concession to you for closing costs.
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27 January 2025 | 6 replies
Again I cannot collect rent to justify this cost/effort.
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5 February 2025 | 4 replies
@Drake BackmanBigger Pockets is a great place to find a tax strategist specializing in real estate taxation.A good real estate tax strategist can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding a tax strategist specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your tax strategist remotely to expand your options.I would also recommend looking for a tax strategist willing to work with you throughout the year.
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18 February 2025 | 35 replies
We'd spend about 2 weeks delivering all the bundles and I was the "free" labor until I finally negotiated 10 cents a bundle from my old man.
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23 January 2025 | 16 replies
Not going to give here a lecture on S-corps, but take my word: no benefits, only extra hassle and extra cost, such as preparing another tax return.
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24 January 2025 | 1 reply
I own the property free and clear and i use the equity as part of my business line of credit.
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28 January 2025 | 19 replies
Propose starting small, like a single-family rental or house hack, with a clear, low-risk plan to minimize concerns.Leverage your industry connections and offer to handle the initial responsibilities, demonstrating your commitment and capability.
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30 January 2025 | 32 replies
Feel free to reach out and we can discuss.