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30 December 2024 | 12 replies
Many investors on this platform are working to get over paralysis by analysis and they like to dig in and do their research before reaching out.I’ll admit, I’ve slacked a bit on BiggerPockets lately, but I have plenty of content on other platforms and websites.
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30 December 2024 | 8 replies
I leave the marginal ones waiting, letting them know I will reach out when I have a showing date/time.At the showing, I collect their completed application (sent via PDF prior or filled out on premises), scan their photo ID and last 2 pay stubs.Then, I do some digging around online (social media, court records, Google) and if it looks like they are representing themselves to me accurately, I contact them and send them a link to do the background checks (paid by them directly to the vendor).
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27 December 2024 | 4 replies
Role-playing. . you paid $300k 10 years ago, it’s worth $660k, (so when you sell you net $600k to make math easy.)and your cpa determined that you owned zero land, so it’s all depreciatable. you owe 15% on the $300k gain plus 25% tax on $109k depreciation recapture, so you owe $70k in federal taxes, then California reaches out for another $30k?
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24 December 2024 | 10 replies
On the flip side the clients I fund in my land deals are doing very very well in the foothill subdivision 50 miles or so west of the springs.. but thats the land game buy low sell high.. cant wholesale that stuff it needs to go on MLS to marketed and turn around time is generally 90 to 180 days but nice margins for my clients ..
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27 December 2024 | 8 replies
If I could rewind 7 years, I would’ve personally scooped up another property near downtown...prices were more forgiving back then.All that said, I’m curious..if you were getting back in the game today, would a condo with strong amenities but an unpredictable HOA top your list, or are you eyeing single-families for that full control?
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27 December 2024 | 2 replies
I am a local Windsor investor and may be able to help you find a good deal, feel free to reach out.
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30 December 2024 | 6 replies
Hopefully, 2025 will reward us all who have stayed in the game.
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30 December 2024 | 819 replies
Others will get financially damaged or emotionally damage and they are out of the game..
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1 January 2025 | 12 replies
I have reached out to a few attorney's and of course they are saying I would have to put them on retainer before giving advice.
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28 December 2024 | 24 replies
You’re already ahead of the game—stick with Central Florida, and you’ll crush it!