
13 December 2024 | 5 replies
When deciding between them, look for flexible memberships, no high-volume minimum, and customer service to help walk you through the process.

14 December 2024 | 4 replies
I will say, services are much easier to obtain in the metro vs vacation market.

15 December 2024 | 7 replies
As far as ethically that is part of my nature and I don't care for the aggressive (potentially predatory) strategies discussed by others, but I see value in offering a transparent and convenient service with lower costs and faster turnarounds than traditional MLS transactions.

13 December 2024 | 9 replies
Quote from @Mike Sfera: @Blake Clothier are management companies turnkey providers or is that a company that specializes in those services?

11 December 2024 | 6 replies
@Jewell ArceneauxHow to drive ARV (my opinion)Improvements that drive the ARV the most: Roof, New Kitchen & Bathrooms, Flooring, PaintImprovements that DON’T drive the ARV as much: Windows, Landscaping, Driveway, Rough Plumbing & Electrical

6 December 2024 | 10 replies
You should definitely talk to your CPA, which I am not, but...My understanding is that until you actually have a business, meaning a property in services, nothing can be deducted.

17 December 2024 | 16 replies
Structuring the Deal with a PartnerWhile your partner cannot directly participate in the loan, there are ways to structure your arrangement to reflect your 50/50 partnership:Option 1: Post-Purchase Equity SaleYou obtain the 203(k) loan in your name as the owner-occupant.After closing, you sell your partner 50% equity in the property via a quitclaim deed or similar legal instrument.Your partnership agreement would outline each person’s roles, responsibilities, and share of profits.Note: Be mindful of FHA’s rules around title changes and ensure this doesn’t violate loan terms.Option 2: Partnership Contribution AgreementYou both contribute to the down payment and renovation costs as outlined in a partnership agreement.Your partner’s contribution could be recognized as a share of the equity in exchange for funding, services, or property management.The partnership agreement would detail how profits, responsibilities, and equity are split.Option 3: Joint Venture AgreementStructure the deal as a joint venture, where you own the property personally (required for the FHA loan), but profits and roles are split per a formal agreement.Your partner could receive equity-like compensation through profit-sharing without being on the title.3.

17 December 2024 | 22 replies
@Chris Clothier I believe this gentlemen could possibly be interested in your services.

13 December 2024 | 13 replies
Meanwhile, your expenses, like debt service, taxes, insurance, and maintenance, continue.

14 December 2024 | 2 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.