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28 September 2016 | 7 replies
I have an idea that could make you pocket you some quick dough in our tech driven info age:Develop an app for finding absentee owners using someone on Fiverr or some techie in India for cheapCall it something snazzy like "Absentee Owner Gold"Market it like crazy online and make it available on Google Play and the Apple Store and anywhere else applicable for a cheap price like $1.99 with no refunds Have customer support via email or phone only in some foreign country where english is a fourth languageTech/info driven real estate investors buy it in drovesThey open the app and a message pops up "knock on some of the neighbors doors"Frustrated customers call/email customer support and get further frustrated by the inability to communicate with foreign customer service whose english is a fourth language but they string the customer along anyway thus buying you time to make more salesKeep it up for as long as it takes to make 6 or 7 figures Close up shop and disappear
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16 December 2022 | 3 replies
Meet People with Experiences Similar to Your Own: There are many organizations (both free and paid) out there that you can join such as BiggerPockets forums, local real estate meetup groups, The Entrepreneur's Organization, your local AICPA group, etc. that gives you a place to receive advice, guidance, problems and ideas.Utilize the R&D Tax Credit: Your business could receive a 10-20% refund for employee labor that’s associated with improving a product or process.Utilize Employee Retention Tax Credits: If your employees that worked for your business during the pandemic are retained through the end of 2021, your business could receive up to $9,000 each quarter that your employees were retained.Own Your Own Office: This would allow you to have multiple tax deductions, utilize depreciation, take advantage of appreciation of the property, as well as allow your company to rent out any unused space to help pay the mortgage.Take Advantage of Energy Efficient Tax Credits: There are many opportunities to take advantage of these credits such as updating the HVAC system, installing energy efficient lighting, etc.Perform a Cost Segregation Study on Your Property: This would allow your business to immediately write off the personal property within the building.Utilize Work Opportunity Tax Credits: If you hire employees from groups that typically face a barrier when it comes to employment such as people with physical or mental disabilities, veterans, etc. your small business could receive a tax credit while also helping the underserved.Use the SCORE program: This program is free and connects you with resources, and mentors and specifically focuses on helping small business owners excel.
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6 November 2020 | 2 replies
So you're sponsoring breakfast, lunch, drinks for their office every month for 12-24 months before you can drop off to quarterly or you hand off to a marketing partner/assistant.
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6 December 2022 | 1 reply
Being a profit, this money is taxable.However, for apartment syndications, there are five pieces of tax information that the syndicator and the passive investor need to understand in order to determine the tax advantages of investing.Depreciation BenefitsPassive investors won’t pay taxes on their monthly, quarterly, or annual distributions during the hold period.
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7 December 2022 | 2 replies
It has a converted fourth bedroom that wasn't 100% complete.
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27 January 2022 | 0 replies
I will obtain my first MFH or SF rental property within the first quarter of the 2022 calendar year.
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14 November 2022 | 16 replies
Here is AirBNB: one person asked pictures and invoices and left for week; case comes to second person and asked same thing; then third person, then fourth person and I have to put the AirBNB board members email on the email... long time and not finished one case yet.
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22 November 2022 | 11 replies
It costed me $75 for them to retrieve each $30 of laundry quarters.
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2 December 2022 | 13 replies
If we're fixing major issues though, higher amount of communication is ongoing.Depending on the number of doors they have under management with us, we schedule video team meetings owners annually, quarterly or monthly, where we have staff from various departments available to discuss problems and solutions.Some clients fly in annually, some 2 x year, some we've never met.
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4 May 2020 | 12 replies
Fourth, its a condo, resale market may be limited (depending on area it is in).