Callum K.
Use of K1's from MLP's (Master Limited Partnership) investments on qualified income
21 May 2024 | 0 replies
I'm aware that K1's are usually accepted and viewed as ordinary income with 2-years returns, however I'm struggling to find a lender that can decipher the difference between a private investment that issues a K1 and a publicly traded stock such as Enterprise Products, Williams, or Energy Transfer Partners.
Braden Heard
Short About Me
21 May 2024 | 8 replies
@Braden Heard start farming & growing your personal network to find deals that you can start out wholesaling, then flipping, then buy & hold as rentals to build wealth.Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?
Yona Ganz
New Investor Seeking Guidance on Small Multi-Family in Orlando
21 May 2024 | 4 replies
Redfin.com, and Realtor.com are really good for looking at school ratings, for crime you will want to look at the census bureau, or even this website https://www.areavibes.com/orlando-fl/rock+lake/
Jack Honroth
How do you source deals? Looking to buy my first property
21 May 2024 | 10 replies
Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?
Malick Ngom
NEED HELP: Finding insurance for a small condo complex
19 May 2024 | 6 replies
Unfortunately, that won't matter as Fannie Mae and Freddie Mac, the Government-Sponsored Enterprises (GSE’s) that set the guidelines for conventional loans, which most lenders follow for other types of loans, too, require that a condo building’s master hurricane insurance policy provide 100% coverage of the replacement value for the building.
Eric Crump
Deal Machine App Beneficial
22 May 2024 | 77 replies
A DealCredit currently costs $.99 on the basic plan, and $.80 on the Enterprise Plan of DealMachine.
Miguel Suarez
I'm Planning To Buy A House Out Of State early 2024 (any suggested states to invest?)
24 May 2024 | 259 replies
Economy - Grand Rapids, HeadlightData.com#1 - Best City in the U.S. to Invest in Housing - Grand Rapids, #2 - Best Place to Make the Most of a Tight Budget - Grand Rapids, MagnifyMoney#1 - Top States for Auto Manufacturing Jobs - Michigan, Bureau of Labor Statistics#2 - Best Places for New Small Businesses - Grand Rapids, LendingTree#1 - Small City to Start a Business in the U.S. - Holland #2 - Best Place to Own a Home - Grand Rapids, porch.comDoes this post come across as defensive???
Drew Sygit
Top 10 Biggest Midwest Cities: Which are Growing & Attractive for Investors?
17 May 2024 | 6 replies
The median income and other MSA data is garbage, at least when it come to Detroit, so agree your $30k is also then garbage, per your logic:)City of Detroit is suing the Census Bureau for their antiquated methods leading to misrepresentations of Detroit.
Chase Cline
Should You Form a LLC for Each Individual Rental Property?
20 May 2024 | 88 replies
Enterprising blood-sucking-leaches, er, I mean lawyers, will search the public records looking for people who own multiple properties, and then find a reason to sue them.
Susan M.
Eviction "dismissed without prejudice"
17 May 2024 | 25 replies
We received a judgement that it was dismissed and the Rent Bureau shows nothing on my SSN but I was stuck in a crappy situation that is ruining my life!