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22 February 2025 | 10 replies
I'd also talk to section 8 to let them know you are buying it to ensure you get the rent for March.
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22 February 2025 | 10 replies
We’ve taken proactive pest control steps, and I’ll schedule another inspection to ensure everything is in order.”If the issue persists without real proof, stand by your decision or explore replacing the tenant at market rent ($1,700).
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3 February 2025 | 0 replies
As we continue to stabilize supply chains, seasonal and historical patterns can provide insights for executing your next project, ensuring you factor in risk and stay within budget.Question: What are your thoughts on adjusting to the "new normal", how will investors manage increasing costs with many forecasting stagnant appreciation for the coming years?
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6 February 2025 | 10 replies
However, you can defer taxes under §1033 involuntary conversion if you elect to reinvest the proceeds into a similar rental property within two years (three years if the government condemns the property or threatens to do so, and four years for a principal residence in a federally declared disaster area).To reduce taxable gain, consider:Electing §1033 treatment and reinvesting the full $300K into a new rental property to defer taxes completely.Partial reinvestment, where only the portion not reinvested is taxable.Properly documenting all replacement costs and property details to ensure IRS compliance.Using cost segregation on the new property to accelerate depreciation and offset future taxable income.Since the §1033 election must be made, consult a tax professional to ensure compliance and maximize deferral benefits.This post does not create a CPA-Client relationship.
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2 February 2025 | 2 replies
Step 1: Ensure you can get financing (is it a cash purchase or will you need a loan).
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21 February 2025 | 9 replies
Of course you still have to put whoever they might find through your screening process to ensure they qualify.
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28 January 2025 | 1 reply
When starting out in wholesaling real estate, it's important to use agreements that protect all parties involved while ensuring a smooth transaction process.
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20 January 2025 | 10 replies
Now we are mostly scaling our business with larger communities but I've used many different creative finance strategies including seller finance, private lending, hard-money, collateral from other properties, and lease-options.
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18 February 2025 | 9 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.
20 February 2025 | 5 replies
The only way to ensure that the yard is being cared for the way you want is to do occasional check-ins.Hope this helps!