Blake Doersch
Thoughts on Certain Area for Real Estate
25 October 2024 | 1 reply
Regardless of the unit count the property condition is critical.
Melanie Baldridge
Which jobs have the potential to qualify me as a Real Estate Professional?
23 October 2024 | 6 replies
Exclusions.Certain work, such as time spent as an investor reviewing financial statements or participating in management decisions without active involvement, may not count towards the 750-hour requirement.As always, talk to your CPA to make sure that you meet the criteria above.If you do, there are many helpful benefits to you.
David Taylor
Wholesale or Bust
25 October 2024 | 10 replies
As a buyer and someone who does wholesale when properties that don't fit our buy box come through our pipeline, I don't ever count other people's pockets as long as the deal makes sense to me, than why worry how much someone else is making on it.
Nicholas Halterman
How do people buy multiple houses a year?
29 October 2024 | 23 replies
This profit doesn’t count for vacancies or cap ex, but you get the idea that there still are decent cash flowing properties to buy out there with 7% interest rates.
Chris Webb
One Rental at a Time - is it allowed on BP?
24 October 2024 | 7 replies
Our unit count is bigger, but we are both mindful of buying very good deals and NOT outgrowing our infrastructure.The not so good news is that our models take a bit of time for results, not a ton.
Johan Garcia
Do You Automatically Qualify for REPS If You're an Employee in a Real Estate Business
21 October 2024 | 2 replies
If you're a 5% owner for only part of the tax year, then only the services performed during that period count toward qualifying.Also, it's important to note that the Tax Court has held that merely being on calls doesn't meet the 750-hour requirement.
Doug Kirk
Best Strategy for Starting Out in Real Estate
31 October 2024 | 44 replies
A blueprint is good, but when you say "Goal is to try for 8-10 Properties and try to leave my W-2 in 3-5 years" that often makes people rush to achieve the door count and in doing so, bad decisions are made.If you think more holistically about your journey, you will stress less.
Yaritza Rod
Rookie here! Need Guidance
23 October 2024 | 5 replies
For starters it can be more difficult to find comps as there are often less multi fam trading than SFR of the same size and count.
Andrew Rivera
General questions regarding regarding LTR using DSCR for section 8 tenants:
23 October 2024 | 1 reply
Hello all, I'm curious how much the HUD will actually pay compared to the 40th percentile rents posted on their site.I'm aware of the different amounts each tenant will cover in terms of their portion of the rent, but I'm not sure if the HUD will actually agree to my rent price.I've been taking the stated FMR for the bedroom count, and taking 20% off the number stated (to be conservative as to what the HUD will accept).
Rene Hosman
Do you track local zoning and how do you factor that into you deal analysis?
24 October 2024 | 6 replies
RE agents, like minded investors, neighbors, even opinions at zoning committees don’t count.