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6 August 2024 | 8 replies
(Even with homestead) You can also write off the depreciation for the investment.
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6 August 2024 | 4 replies
In a pinch, my broker has had me write an LOX (Letter of Explanation) anytime something weird needed to be attested to - but probably not for the specific items you mention.
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6 August 2024 | 0 replies
He wasn't able to write new business but was doing a fine job taking care of his current customers.
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8 August 2024 | 17 replies
@Kelly BoultonThanks for taking the time to write your response.
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6 August 2024 | 5 replies
I don't think I will ever fully retire but I plan to be doing less active work in the future, i.e. not focusing on writing new loans and not flipping.I am lucky that I can easily handle a down turn and be just fine if things soften even for an extended time but I still hope that doesn't happen.
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4 August 2024 | 12 replies
@Amby BhagtaniThanks 🙏 appreciate it.Here is my next tip:There is a search function on here that you can also search to seek answers.
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5 August 2024 | 3 replies
Over the years I picked business degrees, real estate license, tax preparation training, loan officer licensing and training, investment / CFP training and it is all tied together in one big connected body of knowledge that emphasizes appreciation, debt pay down, cash flow, and tax write-offs...
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5 August 2024 | 8 replies
The new law re-writes the eviction process by placing more hurdles (procedures) in the landlords path to re-possessing their property.
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5 August 2024 | 13 replies
@Miciah Furbay You may have to look at 100 properties, to write offers on 10 at amounts that cashflow (below asking price), to maybe get one accepted.YES, it's a lot of hard work!
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8 August 2024 | 22 replies
Here's why:1) Metallic also known as MBD was always the operator and it was very clearly known from the get go listed in all documents etc.2) MBD even acknowledges that Scoutpads was their investor relations provider in writing multiple times.3) All money was always wired to MBD, not Scoutpads.