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31 January 2025 | 0 replies
The idea is to leverage pre-existing networks in a way that builds instant credibility and gets responses fast.If you want to implement this strategy, here’s a link to the exact resource we used:👉 Spreadsheet Link Here (just make a copy for yourself)I also recorded a short video walking through how we set everything up, but since BiggerPockets has rules against sharing that kind of content, feel free to DM me if you have questions on execution.Anyone else using creative co-living marketing strategies that are working right now?
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15 January 2025 | 13 replies
The general rule is: to anybody who was paid by you for services (work) or who received a profit distribution from you – if he received from you a total of at least $600 total during 2023.
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11 February 2025 | 5 replies
To my knowledge, appraisers only consider 50% of the ADU's square footage when appraising a single-family house.
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21 January 2025 | 6 replies
However, there is no way to do so without risk.The Internal Revenue Services issues three (3) Private Letter Rulings (PLRs) that allowed the taxpayers to do just this.
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8 February 2025 | 9 replies
The process of buying, rehabbing, and stabilizing a property remains the same whether it's a duplex or a 50-unit building, but the upside is greater at scale.
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4 February 2025 | 17 replies
For example we pay our own income taxes, broker splits and all of our other expenses directly out of what we make including required E&O insurance, MLS dues, licensing fees, Board of Realtor dues, continuing education costs, marketing, advertising, office fees/rent, transaction coordinator/ assistant fees, health insurance, car insurance and maintenance, gas, tires, software, retirement fund, etc.We are not W2 employees with payroll taxes already taken out of our paychecks, company-paid health insurance and matching retirement account plus a guarantee of at least 40 hours paid work per week, sick pay, paid vacation… none of that.So if you’re thinking you’ll be able to pay an hourly wage typical of a W2 hourly employee like $50-85/hr… that’s definitely not going to work.
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28 January 2025 | 14 replies
Our investment to value (ITV)Â in the notes we purchase is usually in the 50-60% range, a significant amount of equity to protect our position and our private capital position.Â
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27 January 2025 | 12 replies
In Winnipeg it's at least 50% more.
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8 February 2025 | 49 replies
On my new builds we hit the double cash on cash in certain markets sometimes its only 50%.
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25 January 2025 | 2 replies
Asking in the correct forum will get a better response.Read the RULES!