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8 December 2024 | 26 replies
However:Strategic Tax Planning: Work with a CPA who specializes in real estate to maximize deductions like depreciation, interest, and operating costs.Higher Rents for Premium Properties: Some investors offset the tax by focusing on properties in high-demand areas (downtown Greenville or near universities, for example) where they can charge a premium rent.Short-Term Rentals (STRs): Consider STRs like Airbnb, where higher nightly rates can make the numbers work better than long-term rentals.
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17 December 2024 | 17 replies
Hey James, I'm sure you've found a solution by now considering this post is 2 years old, but for future reference here is what I have found as far as software solutions for managing a handful of rehab projects at once.Construction/Rehabbing Specific PM Software vs Generic PM SoftwaresWhen choosing your software solutions you will need to decide if you prefer a house flipping software that is specifically built for managing a house flipping business or use a generic project management software.
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16 December 2024 | 35 replies
*This post does not create a CPA-client relationship.
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19 December 2024 | 6 replies
An LLC does make sense to protect assets, but will cost some money to set up as you cannot close in an LLC with a VA loan - it would have to be transferred post close.
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4 December 2024 | 10 replies
And if you have to cancel a policy for this you usually get the pro rated premium back so it pays to check and change it if you have to.
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17 December 2024 | 17 replies
I'll check on meetup.com as well, I know sometimes they post meetups on there!
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17 December 2024 | 1 reply
Sorry for the long post but wanted to include all details possible.
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15 December 2024 | 18 replies
I've been investing there for a few years now, helped many others to do so and written about in many posts on BiggerPockets.
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19 December 2024 | 37 replies
If interested, leave a message in this post and I can send you the addresses of who we have already have sent letters.Dennis
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5 December 2024 | 15 replies
------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.