Shelly Moses
Happy Tuesday, Bigger Pockets Community!!
17 January 2025 | 3 replies
Just know that it is a "no days off" kind of business and very mechanical.I would suggest documenting your process via video so that eventually you can bring people on to replace the different hats you will be wearing.Keep in mind of these 5 components of any wholesale business.lead generation, deal sourcing, underwriting, marketing, transaction coordination.
Austin Wolff
Does Oklahoma really have the highest insurance in the nation?
11 January 2025 | 15 replies
FL has a ridiculous number of low-value properties, everything from essentially campers on 55+ lots to MH parks everywhere to run-down shacks in much of the rural areas, all of which is going to drag down the average premium.
Angus Brooks
Tax Implications for Refinancing a Property in an LLC and Distributing Funds
16 January 2025 | 12 replies
When filing the LLC return, it is important to ensure that these liabilities are accurately reflected on the balance sheet.However, it's essential to note that distributing the refinance proceeds among LLC members could potentially be viewed as a taxable event if there is no intent to repay these amounts to the LLC.
Preet Oberoi
Tax benefit of STR/Tiny home - Will it work ?
6 February 2025 | 13 replies
One search on Youtube returns hundreds of videos that go over exactly how a STR can be used to offset W2 taxes.
Shiloh Lundahl
Sell me on the benefits of Turnkey Properties
5 February 2025 | 29 replies
I have videos on my channel of tenants who have exercised the lease option, showing gratitude for the opportunity that they had to do the lease option.Additionally, I work with a ton of great wholesalers and I know a bunch of Sub to people as well.
Ben Hedvat
Single-family residence fix & flip Hamptons NY
16 January 2025 | 0 replies
Understanding the preferences of the Hamptons luxury market is essential.
Pierre Tran
Advice Needed: Options to Cash Out My Equity Without Disrupting a Seller Carry Deal
12 January 2025 | 1 reply
Principal balance currently at 314kProperty Details: It's essentially a "2-in-1" property, with the main unit rented out for $1,900/month and an attached ADU bringing in an additional $1,200/month.
Jerry Chilimidos
SDIRA lending and borrowing.
24 January 2025 | 16 replies
Which is a tax when you do an active business in your IRA but it is essentially the same thing.
Mitch Davidson
New STR Restrictions Coming for the Asheville Area
17 January 2025 | 40 replies
You can watch the meetings at this link: https://engage.buncombecounty.org/d1035 I haven't watched the videos myself.It's hard to predict where things will go now that we've lost thousands of housing units, many of which were in the most affordable bracket.
Maranda Tucker
Charlotte, NC Market Update - Days on market averaging 90 days
15 January 2025 | 0 replies
For those navigating this evolving market, here are some critical takeaways:Price CompetitivelyCorrectly and competitively pricing your property is no longer optional—it’s essential.