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20 January 2025 | 2 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.
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5 February 2025 | 14 replies
Have proof on hand (easy enough to find) online of the missed tax payments and any documentation that supports that he specifically didn't pay his taxes.Probably a simply mistake on his part, but now if he wants to develop on it, he either has to land lease it from you or buy it back.I'm not sure how the whole tax deed thing works, so that would be something you have to figure out between the two of you.
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23 January 2025 | 16 replies
If the management fees stay in Sch-E, it is exposed to ordinary income both at Federal and state level, which is way higher than SE taxes of 9.55% (15.75-6.2 (personal social tax already maxed out)).2.
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29 January 2025 | 28 replies
You can cold call, door knock, do social media ads, mailers, network, etc.
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3 February 2025 | 25 replies
As soon as you get the leases signed and proof of security deposit and first months rent deposited into your account your can use it.The question should be, do I even need to get the units leased out to qualify ?
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18 February 2025 | 51 replies
I joke that he's the unofficial Mayor of Springfield based on all of the social and charitable activities that he does there.
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17 February 2025 | 6 replies
Ignore the propaganda videos going around social media.
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22 January 2025 | 16 replies
Door knock, cold call/text, mailers, social media, etc.
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10 January 2025 | 22 replies
He uses rental cars, boats and houses to give him credibility he does not otherwise have as he never shows proof of ownership.
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22 January 2025 | 1 reply
I presented unrefutable proof that I was right and my comps were solid and that they should change theirs and let the deal go through.