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30 August 2024 | 11 replies
I did attempt a foreign entity in FL, I am still getting letters stating they need an original certificate of good standing and they do have the 87 dollars I sent to register as a foreign entity.
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2 September 2024 | 32 replies
I'm not saying the Midwest is a bad place to invest, Class A or B is my recommendation and to do lots of research including flying out there.
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30 August 2024 | 7 replies
So, again, called in a favor from a friend to grab a couple cabinet doors from the store 2 hours away, while he was up on business trip anyways, so we could get them on site before installer was "done" and onto another job.Ultimately, as Alan notes, you just have to accept this, and figure it out on the fly.
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28 August 2024 | 32 replies
You may have to give up a big % of the GP on your first deal just to be a fly on the wall while building a track record.
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27 August 2024 | 2 replies
I'm a Real Estate Licensee who works in a very remote, fly-in access-only community.
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29 August 2024 | 23 replies
Quote from @Michael Plaks: Quote from @Kory Reynolds: For my clients real estate businesses they pay between $4,000 and $650k purely for tax prep and tax consulting, Tell'm I can do it for $645k ;) I'd be happy to do it for $640k AND I'll personally fly both myself and the client (/client's family) to review their return together in-person...on an island in the Caribbean. ;)
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29 August 2024 | 7 replies
Congrats on saving up that's an amazing start.I would suggest holding off on flipping if you don't want to do it near you, although with $250k, you probably could find something even in California that you could flip, we hear horror stories from our clients all the time of how they hired a contractor but were not able to watch progress and fly in 2 months later to see almost no work done and most of the money spent.
30 August 2024 | 70 replies
Or even worse, I considered attending a "workshop" (aka spend 40k on some fly-by-night HGTV wannabes) for a weekend!
26 August 2024 | 16 replies
I recommend Class A or B, not Class C if you're going to buy OOS and fly out to the areaAnytime a turnkey provider, wholesaler, seller, agent etc that shows you a spreadsheet number with cash flow, appreciation, repairs, capital expenses etc those are ideal scenarios.
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23 August 2024 | 11 replies
If not, you are just flying blind and being a consumer, not an investor.