
18 April 2024 | 141 replies
I’m not preparing for a marathon or nothing like that but I’m starting to think more about health.

18 April 2024 | 11 replies
So, be prepared for a more rigorous selling process with less room for concessions.Certainly, there are numerous benefits to house hacking a MFH property that outshine SFH.

17 April 2024 | 6 replies
As long as the total income reported on your tax return matches or exceeds the total income reported on your 1099s, and you have documentation supporting the breakdown of income by property, the risk of audit or inquiry may be relatively low.Pros of the approach:Compliance: Helps ensure compliance with IRS reporting requirements by matching the total 1099 income on the tax return.Risk mitigation: Reduces the risk of IRS flags or inquiries related to unreported income.Cons of the approach:Complexity: Requires additional documentation and statements to reconcile the reported income with the 1099s, potentially adding complexity to the tax return.Time and cost: The additional work required to prepare separate statements for each property may result in higher accounting fees.Ultimately, it's essential to weigh the pros and cons and consider the specific circumstances of your situation.

17 April 2024 | 2 replies
It’s also wise to discuss and prepare for all potential scenarios in a business partnership, including exit strategies.Communication: Keep potential and current investors informed with regular updates about the market, specific investment opportunities, and your overall business progress.

20 April 2024 | 33 replies
I took the plunge and handed over my credit card and prepared to start moving funds over to their cash management accounts.Right away, I ran into problems.First, the don't use Plaid, the industry standard bank account importing vendor, to sync bank accounts for transactions (somewhat confusingly, they do use plaid to verify ACH transactions, but you have to go through a different platform to get there).

17 April 2024 | 4 replies
Hard to comment on timing --- I would prepare for at least six months.

17 April 2024 | 1 reply
I know I'm prepared to handle a potential bad tenant situation, so if a seller will pay me (price reduction) to take on that work/risk, then that is gravy for me. 2.

16 April 2024 | 1 reply
Offering camping accommodations comes with inherent risks, so it's important to protect yourself legally and financially.Site Preparation: Consider what amenities you'll provide at the camping sites.

17 April 2024 | 0 replies
If you are just getting started in multifamily real estate investing (perhaps making the jump from SFR – single family rentals – or flipping) – make sure you are well prepared if you jump “up the ladder” too quickly – the world of 2-10 unit multifamily investing can offer a great “bridge” between SFR and Multifamily for any budding real estate investor.

15 April 2024 | 10 replies
By the way, could you explain what a hybrid approach entails?