
26 September 2024 | 17 replies
When you get into larger multifamily, brokers typically do not share commission so you have to find the listing brokers and contact them directly.

25 September 2024 | 9 replies
For flipping properties, travel costs to investigate investments can be deducted as ordinary business expenses, typically reported on Schedule C. 3.

27 September 2024 | 17 replies
They will be proven successful investors from your area who meet up once a month to go over what works for them, what's aching them, and they're typically very willing to help new investors.

25 September 2024 | 4 replies
@Andrew Jessup Transferring your property to an LLC owned by a Family Trust could trigger the due-on-sale clause on your Fannie Mae mortgage, as they typically allow transfers only to revocable living trusts without issue.

25 September 2024 | 7 replies
Depending on your business you also want to keep in mind that some of those funds you take out of that business might need to be used for taxes as self-employment taxes typically don't go away by investing in real estate.

24 September 2024 | 2 replies
Using a service to report rent debts to Credit Bureaus can be very effective at recovering those debts because it can impact their credit report and score for years to come, typically 6-7 years depending on location.

24 September 2024 | 2 replies
If I can help you on anything please contact me through BP at any time.I know that they typically make more on their rental money because of how they are rented.

25 September 2024 | 7 replies
When financing a large-scale fix-and-flip project, assessing and managing risk is crucial for success.Risk Management StrategiesContingency Budgeting:Set aside a contingency fund (typically 10-20% of renovation costs) for unexpected expenses.Time Management:Develop a detailed project timeline to keep renovations on track and avoid extended holding costs.Partnerships:Collaborate with experienced contractors and real estate agents to mitigate risks associated with repairs and market positioning.Insurance:Obtain comprehensive insurance coverage, including builder’s risk insurance and general liability insurance, to protect against unforeseen events.Exit Strategy:Always have an exit strategy.

25 September 2024 | 10 replies
You'll still owe taxes on the depreciation taken during the time it was a rental, typically at a marginal tax for bonus dep recapture.

24 September 2024 | 5 replies
How long long to homes typically stay on the market for in that area?