
17 December 2024 | 1 reply
Hire an inspector /independent person to manage the job site for you, someone with your best interest at heart.

23 December 2024 | 14 replies
But starting with single-family can be a great way to gain experience and confidence before tackling larger deals.If you were someone I knew personally, I would probably suggest multifamily, but it's not for everyone.

31 December 2024 | 20 replies
Honestly, part of it is personal.

17 December 2024 | 0 replies
This is NOT Business Credit.By establishing a separate corporate credit profile on the EIN Number (separate from the business owner's SSN/FICO), investors can access substantial business credit lines, capital for property acquisitions, and renovation funds without personally guaranteeing the debt.This approach creates a powerful financial firewall between personal and business assets while potentially generating a significantly larger (ROI) through reduced interest rates, increased borrowing capacity, and the ability to scale investments more rapidly.The education gap surrounding EIN corporate credit means savvy investors who understand and implement this strategy can gain a significant competitive advantage.

18 December 2024 | 4 replies
If you are looking to use rental income instead of personal income to qualify for mortgage, you'll be looking at commercial financing.

20 December 2024 | 9 replies
Reporting these expenses on your personal tax return (likely Schedule C for a sole proprietor) could result in a net loss that might offset other taxable income, reducing your overall tax liability.

17 December 2024 | 12 replies
The best you can do research your market, improve personal budgeting, improve credit, and get your dollars working for you.

18 December 2024 | 15 replies
@Shaheen Ahmed you can find all the info you need online if you know where to look - except that the City of Detroit Assessor's Office is consistently undervaluing properties to keep property taxes attractive for investors - to keep improving the city:)Here's some copy & paste infor for Michigan Property Taxes that you might be able to use as a template for other areas - or you could start investing in Detroit:)----------------------------------------------------------------------------------------------------Michigan has some of the most complicated property taxes in the USA.

18 December 2024 | 3 replies
You can hire someone on Fiverr website and they'll add furniture and personal items to a blank photo for a very reasonable price.

19 December 2024 | 82 replies
Have both a personal and REI emergency fund because life happens.