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24 September 2024 | 8 replies
Does anyone have any leads on agents or other companies I could try?
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24 September 2024 | 9 replies
This also leads owners to ASSUME simpler is better when it comes to management contracts.
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24 September 2024 | 2 replies
Analyze your deals carefully, ensuring the property generates positive cash flow and returns on investment.
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27 September 2024 | 66 replies
And with the numbers being higher (1,000 sq ft cabins are going for 500k that I'm all in around 340k, 2,000 sq ft cabins are going for 800k that I'm all in around 575k), I can create the same equity and cash flow that I did with my rentals in a shorter period of time with less units and with property management built in.But I'm also sitting on a nice chunk of cash that I am really hoping I can hit on one more strategy so I can have two of these things generating equity and cash flow on every deal without having to park much cash into them.
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24 September 2024 | 6 replies
The fix-up/lease-up process raises the NOI and ultimately forces a higher property value, leading to a cash-out refi within the 5-year term.
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24 September 2024 | 0 replies
Purchase price: $120,000 Cash invested: $25,000Our latest Flip, this was a pre- foreclosure lead.
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24 September 2024 | 0 replies
The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the current bonus depreciation rate at 60%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.
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25 September 2024 | 4 replies
However, as others have mentioned, it’s not common for tax professionals to review just one form, like the 8824, without seeing your entire tax situation.1031 exchanges can get complicated, and reviewing only part of the process might lead to errors or missed details.
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25 September 2024 | 12 replies
I've had negative experiences with a bad general contractor and a non-paying renter (leading to an eviction), so I'm being extra cautious in selecting the right lender this time.Could anyone recommend a trustworthy lender in the Los Angeles area who can guide me through this difficult time?
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23 September 2024 | 0 replies
We are in the process of hiring people and want some advice on structuring our new 1099 clients/ contractors/ employees for lead management, acquisition and disposition.