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2 December 2024 | 34 replies
This is simply predatory in nature full stop.I have sold many of my OREO props on low down ZERO percent financing but they were at market prices and the buyers owned them free and clear in 24 to 36 months that works.. but long term contracts on these homes is not a solution for neighborhood revitalization just the opposite.
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26 November 2024 | 1 reply
Knowing that AI has natural language processing skills, I was hoping to see if it's possible to point, teach, interact, and then pull back responses for prospecting purposes.
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26 November 2024 | 4 replies
Problem is only "RE pros" get to do it.There are 3 income classifications in the US - Active, Portfolio, and PassiveActive income is income derived from your job, or normal trade or business.Portfolio income is derived from bank instruments - stocks, bonds, etc.Passive income is income earned from investments.Active losses can wipe out both passive and portfolio income, but it doesn't work the other way around.Portfolio (capital) losses are limited to $3,000 annually.Passive losses can only be offset by passive gains.Real estate rental income by its nature is deemed passive per IRC Sec 469One way to get around it is to become a pro - spend more than 750 hours or 1/2 your time in real estate.But most folks aren't real estate pros.
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27 November 2024 | 4 replies
Electric and natural gas service may not be discontinued while you are in possession of your unit.
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25 November 2024 | 4 replies
Combining this with tours or small events can add extra income.Lease Mineral or Water Rights: Depending on the area, leasing mineral or water rights can be a potential income stream if there are valuable natural resources under the land.
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17 December 2024 | 86 replies
Many of them have tons of market experience and investment knowledge because of the nature of their work.
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23 November 2024 | 11 replies
I'm particularly passionate about BRRR, Mid term rentals, Money lending.Outside of real estate, I enjoy nature, travel, healthy cooking.Excited to learn and connect with you all!
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26 November 2024 | 13 replies
Anyone would consider a nice finished room with great natural light a bedroom, but in the off chance the tenant doesn’t pay rent then I would be in the wrong for letting he/she live there in the first place.
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26 November 2024 | 9 replies
Being that it's upstairs, that unit will naturally be able to control it and the bottom won't.
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26 November 2024 | 11 replies
Whether you classify it as business or personal income depends on the nature of the lending activity.