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5 February 2025 | 2 replies
If you have a perfect closing and first 3 months your dreaming Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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4 February 2025 | 17 replies
We also got them to have it professionally cleaned, ducts cleaned, they threw in some furniture for free, paid a lot of the closing costs that buyer usually pays, paid most recent mill levy instead of prior years taxes, paid my 2.8% commission, etc. because it is a buyers market and that's what you can negotiate in a buyer's market.
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21 January 2025 | 10 replies
Your best bet is to ask for referrals from professionals in the space: realtors, other investors, this forum, FB groups, etc.
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24 January 2025 | 3 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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22 January 2025 | 4 replies
Readers should seek professional advice.
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21 January 2025 | 10 replies
The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.
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11 February 2025 | 8 replies
Work with a tax professional (preferably a CPA that does tax planning and not someone at H&R Block or TurboTax) to ensure you qualify.
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11 February 2025 | 6 replies
Why ask: If you’re not going to be a full-time investor or professional, it’s important to ensure that the mentor works with people who have similar schedules and limitations.11.
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24 January 2025 | 7 replies
I have no investment experience, only stock market and IRA’s, but I hope to learn a lot from professionals on this forum.
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10 February 2025 | 4 replies
Surround yourself with knowledgeable professionals who can support your real estate endeavors.