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5 December 2024 | 8 replies
My name is Terrance, and I’m excited to join this incredible network of real estate professionals and enthusiasts.
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3 December 2024 | 16 replies
This community is full of helpful resources and knowledgable professionals eager to assist during your journey.Have you chosen a brokerage yet?
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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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8 December 2024 | 19 replies
Would any of you experienced investors be willing to help me, please?
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5 December 2024 | 18 replies
Once you get through move in, the day to day management is pretty hands off and easy (famous last words, but so far, so good).Other than that, get a second opinion/eye from someone you trust - preferably a professional designer - on the furnishings and design.
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10 December 2024 | 36 replies
Quote from @Mike Grudzien: You need to speak with an experienced attorney ASAP!
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5 December 2024 | 11 replies
House Canary (Tailored for Real Estate professionals, investors and lenders needing property assessments and market forecasts) 4.
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6 December 2024 | 9 replies
Listing it “as is” with a $25k rehab concession can attract these buyers.Consider these options:List on investor-focused platforms like Roofstock or BiggerPockets or Facebook Marketplaces, where you’ll find buyers who appreciate tenant-occupied properties.Network with local investors or REI groups in your area to find someone looking for a turnkey rental with upside potential.Hire a real estate agent experienced in selling tenant-occupied properties, but adjust your pricing to cover commissions if needed.Make sure to highlight the stable tenants and ADU potential—those could be big selling points!
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7 December 2024 | 1 reply
Most professionals will recommend a separate LLC for every $1 million in assets but I don't think that's necessary.
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6 December 2024 | 3 replies
Utilizing an attorney sans title insurance can work well - IF the attorney is knowledgeable and experienced in real estate transactions and the parties are ok forgoing title insurance.