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14 January 2025 | 7 replies
The real pool season is 3-4 months, which also sways my opinion.
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20 January 2025 | 2 replies
Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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20 January 2025 | 31 replies
That’s half the cost of Prime’s reduced rate.2nd, like everyone is saying, the cost of setting up and LLC is less than $100… closer to $50… if you just do it yourself through the state (not complicated).3rd, if you want someone to help you draft your operating agreement, hire a local real estate attorney and it will be significantly cheaper than $1660… probably cheaper than $550.4th, if you want someone to do your taxes and help you get your max deductions - talk to a CPA who specializes in real estate and they can review your operating agreement to see if you’re setting yourself up properly, and they can do your regular taxes… and be cheaper than Prime. 5th, a separate CPA can work with you regularly to review your investments and strategies to determine good tax strategies as you look to execute any deals. 6th - don’t lock yourself into a crazy subscription model before you start making money!!!
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21 January 2025 | 4 replies
He then had a mentor that taught him one-on-one to invest in real estate.
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17 January 2025 | 6 replies
You do have to purchase at least as much real estate as your net sale if you want to defer all tax.TICS are generally cash deals.
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28 December 2024 | 23 replies
Part of me is considering buying more real estate though.
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16 January 2025 | 13 replies
To me the biggest takeaway is that as real estate professionals, we always talk about location, location, location.
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22 January 2025 | 14 replies
That can make it easier to communicate the opportunity effectivelyTo expand efficiently, consider targeting local real estate meetups or investment groups San Diego has a strong investor community.
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15 January 2025 | 5 replies
And it can work really well for you as long as you pay attention to the statute requirements.In order to defer all tax you are selling investment real estate and buying investment real estate of at least the same value you sold.
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15 January 2025 | 8 replies
This is a new venture that I'm looking into and real excited about.