Christina Hall
Best skip tracing website?
13 December 2024 | 31 replies
Propstream is great as a list aggregator but I know many users who have better luck skip tracing outside of their system.
Paula Impala
Norada Capital Management suspending payments
31 December 2024 | 418 replies
One of the biggest aggregator was bankrupt last year.For day trading crypto I don't even need to give a comment.The typical biz of these guys is they try to build a highly credential because they work/started company a,b,c,y,z but if you dig deep it's only one or two guy operations.Even this company is only having virtual colo office for $70 a month LOL This thread wild dawg
Melanie Baldridge
RE Pro status to make the best case with your CPA and the IRS
12 November 2024 | 1 reply
If not, even though you are a re pro, losses are passive & deductions are limited.There are 7 scenarios that will qualify as material, and you only need to meet one:*500 hours*Substantially all participation*> 100 hrs and at least 1/2*Significant participation*5/10 years*Personal service activity w participation in last 3 years*Continuous participationTo materially participate, you must be involved in the operations of the activity on a regular, continuous, and substantial basis.Once you pass the pro test, the material participation often comes along for the ride.You can elect to aggregate all rental real estate for purposes of measuring material participation under Sec. 1.469-9(g).Your time spent on all your rental properties (STRs don't qualify) counts as one activity, making it easier to materially participate.In order to make a strong case with your CPA and the IRS you need to document your hours.Best practice is an hours log where you are as specific as possible.
Mark S.
American Homeowner Preservation (AHP) Fund
4 December 2024 | 353 replies
They’re super slow to get K-1s out and there was no mention this year of being included on their aggregated state return.
Melanie Baldridge
What is recapture?
14 November 2024 | 10 replies
As long as the aggregate net purchases are at least as much as your net sale you'll still defer all tax.The other consideration is that you can allocate your net proceeds in any way you want on those multiple purchases.
John S.
Is there a website I can use to generate a list of all multifamily houses in my area
8 November 2024 | 3 replies
Out of the 20 letters I've sent, I've had 1 guy get back to me and we were in discussions but weren't able to find a price that worked for the both of us.The issue is that I only have a few houses on my mailing list so far (just places I've walked or driven by that caught my attention), and blindly searching every street and address # to see which houses are actually legal multifamily will take forever and doesn't seem efficient.I know the data is publicly available, I just don't know how to aggregate it in a way that would be efficient and useful for blasting out marketing mailers.Are there any websites that can pull massive lists of all multifamily houses in my area?
Foley Schmidt
NEW MEMBER INTRO - Foley Schmidt of Mindful Real Estate Partners
7 November 2024 | 4 replies
Prior to this, Matt and I were senior leadersof Profound Commerce, an e-commerce aggregator founded by Matt in 2018.
Jon Pflueger
Advice on NYC rental markets in Queens, Brooklyn, Long Island
12 November 2024 | 17 replies
Some tools myself and others have used: - Skip tracing- Mailers- Data aggregators like PropStream, PropertyShark, etc.
Deborah R.
Hurricane advice - LTR flooded
5 November 2024 | 39 replies
If you have multiple rentals, you may need to seek recovery in the aggregate and then decide your priority of restoration.This is a bad day, but statistically, you're good for another 100 years, no matter what "expert" pipes up with his uneducated opinion.
Brian Dolbeare
Determining accurate rent projections for deal analysis...
29 October 2024 | 11 replies
Rentometer is fair as an aggregate, but often misreads the market in high rental areas or very suburban markets where there aren't a ton of rental options.You should be able to be within $200/month using MLS data which is not all on Zillow because the syndication of rental data is way less than sales data.