
23 April 2024 | 5 replies
Wholesaling has captured my attention, and I'm on a mission to unravel its secrets and emerge as a true master of the craft.

24 April 2024 | 16 replies
This year I just felt like it’s complicated to keep up with my invoices and give him itemized numbers.

26 April 2024 | 4 replies
In terms of the math, let's look at return from rental income and return for equity:For each item, calculate a year's return, and there's your approximate ROIFor the ADU conversion: ($4000/month x 12 months)/$500,000 cost = $48,000/$500,000 = 9.6%That's before expenses, which will cut that number down by several points.

26 April 2024 | 10 replies
The secondary major real estate portals typically fall into the few minutes to a day or two to update - they're normally faster to pick up a new listing but can be slower to get updates to an existing listing.So - flat fee listings are typically limited service listings where the broker is just your onramp to get your listing into MLS and doesn't provide much beyond the required minimum after that - everything else is an upcharge/upsell - the one big ticket item I think every listing should have is a Supra lockbox just for security.

26 April 2024 | 45 replies
None of your items are that big of an issue for me.

25 April 2024 | 82 replies
I've only had a few maintenance items that have come up, but that goes along with owning rental real estate.

24 April 2024 | 2 replies
Upon the sale of the condominium, the capital gains on Person C's sale would be calculated as follows:A. 33.33% of the sale price minus the original purchase price to account for the interest acquired via quit claim deed on July 7 2015.B. 16.66% of the sale price minus the stepped up fair market value on 11/17/2020 as capital gains for the 16.66% remainder interest acquired on 11/17/2020 from Person A.C. 50% of the sale price minus the stepped up fair market value on 01/17/2023 as capital gains for the 50% remainder interest acquired on 01/17/2023 from Person B.Total Capital gains would be the sum of items 3A, 3B and 3C above minus any allowed deductions, such as the home sale costs (closing, repairs and so on).As an individual owned rental property, upon sale the only way to avoid the capital gains would be to do a 1031 exchange and then hold the new property that is purchased for approximately 3 years before selling it.

24 April 2024 | 4 replies
You should be able to charge for any of these items if you have receipts for the expenses.

26 April 2024 | 40 replies
The how has always just been a detail found along the road, never laid out ahead of time, just an item to solve and over-come along the way.