21 October 2024 | 1 reply
However, many real estate investors use the inspection to determine if the property is a good investment.Here’s more information about these two steps:Home appraisal: Mortgage lenders require a home appraisal to ensure the sale price represents its current market value.
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18 October 2024 | 13 replies
Representing buyers or sellers, renting or leasing, auctioning real estate all require a license.
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17 October 2024 | 1 reply
The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)
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16 October 2024 | 2 replies
It represents the number of months it would take to sell all homes currently on the market at the current pace of sales.
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15 October 2024 | 8 replies
Quote from @Brett Jurgens: @Don Konipol not out of the air, based on my own rental and a few hundred others we've done at Net Energy in 8 states.Brett, if you’re representing a business we need to know that upfront so we can understand that your post is actually an advertisement for your business and not an unbiased opinion that we can rely on.
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15 October 2024 | 6 replies
But granted that is a select few people and maybe not representative of the whole market.
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17 October 2024 | 14 replies
My understanding is that he creates a tax savings plan, finds the properties, sets up llcs, does the actual cost segregation, and represents you in case of an audit.
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16 October 2024 | 16 replies
His partner is non licensed and represents the business on the wholesale side of things.
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17 October 2024 | 47 replies
As a long-standing customer, my interactions with their team, particularly a customer service representative named Mike, have been deeply disappointing and reflect a lack of professionalism and organizational competence.Initially, I discovered an issue with a second account that was inadvertently created under my name.
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14 October 2024 | 2 replies
So what exactly would this mean if I were to get an LLC to represent myself in a professional manner with wholesaling?