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17 December 2024 | 5 replies
My figures are below.TaxDeed Winning Bid: $489.00 (My Bid May 2013)Property Clean-up: $450.00 (mowing, trash removal)Taxes & Insurance: $80.00 (2013 & 2014)Sale Advertising: $130.00 (Signage, Newspaper Ads, etc)Filings & Legal Fees: $245.00 (Deed, Lien Releases, Sales Agreement Docs)Total Costs: $1395 (approx)Sold for: $3250.00 (August 2014)That is better than the 25% I would have received if the property was redeemed during the redemption period.
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20 December 2024 | 28 replies
The main one is running your business well.In my experience better than 80% of lawsuits are settled out of court.
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16 December 2024 | 6 replies
Will be a better question for your CPA in my opinion, they'll have better visibility into what strategy will work best before filing season and EOY.
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7 December 2024 | 7 replies
I wouldn't worry too much about it, if you have a competent CPA or bookkeeper they should be able to review your books and within minutes have a strong grasp on who gets a 1099 (spoiler alert, not every contractor gets one, I'll be annoyed if I get one since I'm structured as an S corporation) and the amounts to report.1099 filings are usually a loss leader for us, so if you're working with a professional make sure you take advantage of them filing everything for you.
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19 December 2024 | 22 replies
If it's a matter of a quarter point but the more expensive debt is with a bank that offers better other terms like amortization and LTV, and they have a rock star loan officer, I'd go with the slightly higher interest rate product.2.)
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20 December 2024 | 12 replies
Don't need a ton of pictures but I want to get a decent idea of the location and condition.So basically you dont want your customer to know it look dumpy until they show up.....I can understand the safety from people looking for vacant houses.... then anyone selling a house better take all of their outside pictures off their listing
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17 December 2024 | 12 replies
The rates are better.
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21 December 2024 | 6 replies
I need help finding statistics of appreciation, population growth, job growth.California of course has great appreciation and limited competition growth with high house prices making renting almost a necessity but I worry with more people leaving California then coming in this year that Phoenix might be a better investment in terms of long term growth.
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20 December 2024 | 8 replies
This strategy can allow you to scale into a bigger or better-quality property while maximizing your equity.When to Start Looking for PropertiesStarting your search before listing your current property is a smart move.
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17 December 2024 | 2 replies
I'm soon closing on a multi-family property that has some extra space that's begging to find a better use.