
28 March 2024 | 8 replies
@Mark Koontz make sure you're probably licensed.1) The biggest time-saver is scheduling showings.

28 March 2024 | 10 replies
I could have been too aggressive with my schedule???

27 March 2024 | 6 replies
Even better is if you come to them with a personal financial statement, a debt schedule, and a business plan for the purchase (if you haven't identified a property, then what size, location, price you are looking for).

27 March 2024 | 7 replies
Of course there are discounts for security measures, gates, guards etc. that everyone would get but homeowners premiums are derived on so may factors such as insured age, household members, claims history, ROOF AGE, age of the home, scheduled property, pets etc., so if each home is individually owned this would be near impossible.

28 March 2024 | 11 replies
This is by no means to brag but I am living out my vision of being business owner, building long term wealth at a young age through real estate and having the freedoms to create my own schedule and building for the future for myself.

27 March 2024 | 6 replies
It's a scalable model if you have a solid team built out to help you manage scheduling and checking out.

26 March 2024 | 15 replies
Then you can direct up to 80% of the proceeds to a new LLC which you are the managing member of and partner with the DST Trust to purchase CRE all tax-deferred with a new depreciation schedule.Since the deferred sales trust is an exit plan and you are buying a new property the LLC receives a new depreciation schedule vs a 1031 where the depreciation schedule travels with the exchange.The downside to the deferred sales trust is the stepped-up basis is forfeited vs a 1031 where when you die your heirs get the stepped-up basis.The upside is you can buy CRE whenever you want to with no timing restrictions.

26 March 2024 | 12 replies
I read that you can setup solo 401K if you have only Schedule C income and not Schedule E income.

26 March 2024 | 9 replies
@Ashish Acharya and @Dmitriy Fomichenko thanks for the responses.Currently, we are using the schedule C plan to fund the solo 401k, however, income on Schedule C gets taxed as ordinary income, which is a huge hit.Follow my thought process here for a moment:I form a separate LLC taxed as an S-Corp, lets call it XYZ.

26 March 2024 | 2 replies
We are ahead of schedule with rehab, however having taken a HML on it, I am trying to get the place rented out ASAP to then cash out refi.