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26 November 2024 | 86 replies
You sort of noted in your opening comment: a track record IN REAL ESTATE, should be measured in decades, not years.
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19 November 2024 | 24 replies
The question is, what measure would you advise putting in your contract to help omit any ambiguity within the investor contractor relationship?
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13 November 2024 | 17 replies
The other options you are playing with fire as using a HELOC that is paying interest is essentially buying with 100% financing.Having no skin in the game has always been a high risk strategy and people were able to get away with it the past few years due to the money supply and inflation but I would not use that as the measuring stick.
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21 November 2024 | 39 replies
Things to consider: daily internal operations, external branding and operations, lending, in addition to inside out *legal protection and outside in** legal protection, privacy/anonymity/identity protection and security...Prevention measures at different levels, preventing the attack from being initiated vs preventing the attack (lawsuit) being successful vs reducing the damage of a successful attack.... there are many elements and I see people pick one and argue about it without looking at the whole
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12 November 2024 | 1 reply
If not, even though you are a re pro, losses are passive & deductions are limited.There are 7 scenarios that will qualify as material, and you only need to meet one:*500 hours*Substantially all participation*> 100 hrs and at least 1/2*Significant participation*5/10 years*Personal service activity w participation in last 3 years*Continuous participationTo materially participate, you must be involved in the operations of the activity on a regular, continuous, and substantial basis.Once you pass the pro test, the material participation often comes along for the ride.You can elect to aggregate all rental real estate for purposes of measuring material participation under Sec. 1.469-9(g).Your time spent on all your rental properties (STRs don't qualify) counts as one activity, making it easier to materially participate.In order to make a strong case with your CPA and the IRS you need to document your hours.Best practice is an hours log where you are as specific as possible.
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11 November 2024 | 9 replies
Either drill well, measure neighbors or get letter from well driller. .
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21 November 2024 | 305 replies
We provide high-quality photos and a virtual tour with room measurements.
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9 November 2024 | 3 replies
Neither camera is capable of turning toward the house to view anything going on inside the residence.I am a remote landlord and wanted the cameras as a security measure to protect the exterior as well as monitor what goes on when outdoor vendors are at the property.
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19 November 2024 | 111 replies
I usually spend my time, if the seller is present, keeping him/her out of the way if needed, pumping tenants for info, taking measurements for room sizes and drawing floor plans with doors and windows and noting appliances and taking pictures.We look for value add properties that are in decent structural and mechanical condition (except for one deal that we got really cheap).
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11 November 2024 | 36 replies
The bathroom tiling can be done before or after the rest of the floors and simultaneously during other portions of the rehab to save time - you should measure out and plan that your two floorings that meet are at the same height to avoid the inevitably ugly and clumsy transition piece.