Nathan Gesner
Have you ever used your umbrella insurance policy?
15 January 2025 | 11 replies
I had few options so our cost doubled.
Matt Wan
Can I buy a property without being physically present for any part?
17 January 2025 | 16 replies
That's why we require clients to spend a couple days with us in Milwaukee up front, so we can get on the same page and determine an asset quality.Hint: the hood looks much better on a spreadsheet than up close in person.
Francisco Milan
Listing Agents Question: If you needed to get 5 listing this month .....
19 January 2025 | 2 replies
I once made the mistake of chasing multiple listings at once, which turned into a disaster.When I shifted my focus to serving one client at a time with honesty, integrity, and accountability, referrals started coming in without any marketing.
Paulette Midgette
A Contractor I Would Not Recommend
17 January 2025 | 12 replies
I've seen estimates that are off by 300% when all said and done (e.g. the original bid was $10k but the final cost was closer to $30k).
Paloma Wodehouse
High Priced First Buy
8 January 2025 | 9 replies
Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.
Sung Yu
1031 fourplex into a single family
17 January 2025 | 4 replies
I’ve had many clients do a traditional 1031 and then they feel like they have a gun to their head with the shot clock.
Najeh Davenport
Need Advice on Appraisal Issues and Refinancing Options
15 January 2025 | 12 replies
In conclusion: because Kiavi does not know or does not care about Taylor’s chronic ineptitude; because Kiavi has never bothered to put together an introductory email document to clients explaining the steps, requirements and responsibilities of the refinancing process; and because Kiavi does not bother to fix an obviously broken client portal website, it’s clear that the company does not strongly value customer experience and satisfaction.
Dana Furby
Jumping in and excited to be in the market again
6 January 2025 | 4 replies
Just closed on one for a client over the hill in Reno, NV, that was sitting on the open market and they took an aggressive offer.
Edward Toomey V
5 months using RentRedi and I HATE it
19 January 2025 | 55 replies
Firstly, do you manage your own property or do manage mix of your own plus clients' property?
Marcus Stokes
fix and Flip
18 January 2025 | 21 replies
It's a good practice to overestimate costs and underestimate after-repair values (ARV) to keep your expectations realistic.