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7 March 2024 | 9 replies
If you haven't been tracking your material participation, done a cost segregation, or any other techniques specific to real estate and just want someone to file on your behalf then there might not be a huge difference between H&R and a specialized CPA.
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6 March 2024 | 9 replies
Interestingly, they've recently negotiated a re-purchase price with us IF we bring new funding to the table.The rehab is required for several reasons: (a) correct the damage the bank has allowed to happen to the property improvements these past few years (known problems include completely destroyed pool makeover; wild animals living inside the residence; flooring missing in sections of the rec center building; destruction of the decorative main entry gate mechanism; lots of dead landscaping; as well as latent defects not known to us such as working plumbing, HVAC & water services) AND (b) expansion & upgrading of the accommodations (converting the private residence to a 2-story lodge with the restaurant/bar, reception/check-in, movie room, public restrooms, gym/sauna/steam room/massage therapy room; enlarged pool & deck area with climate-controlled cover for year round use; conversion of former restaurant/bar building to a general store selling venue collectibles & wearables, selected pre-packaged foods, sundries, RV & camping items, bagged ice & a propane refill station; construction of a free-standing event center; free-standing cabins; enlarged & upgraded RV park with its own small restroom/coin-op laundry building; outdoor activity areas; new landscaping & fencing; new parking area & entry drives (personal car & RVs).We know our target audience having created and operated the former version of this resort for almost years creating an initial membership base numbering about 1,100.
6 March 2024 | 19 replies
There will be several dates you want to track depending on the state you are buying these in.These all involve different approaches and techniques to purchase the property.
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6 March 2024 | 16 replies
While the terms might be different from traditional financing, private money lenders can provide capital when you don't qualify for conventional loans.Creative Financing Techniques: Learn about creative financing techniques such as subject-to deals, lease options, or seller carry-back financing.
7 March 2024 | 14 replies
And of course some techniques in real estate are more appropriate for different cycles in the economy.
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5 March 2024 | 6 replies
Sorry to hear about this and it's definitely important to watch out for Ponzi schemes.At the same time: many syndications require an investor to sign an NDA to protect their confidential techniques, sources, customer lists etc. from competitors who could damage them otherwise.
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4 March 2024 | 7 replies
You can maybe cashout refi your property in the future, or perhaps try to utilize some of it through a 1031 exchange later.What you see/hear about purchasing / scaling with "no money" is extremely difficult, works in certain situations, and many of the techniques entail a tremendous amount of risk.
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3 March 2024 | 7 replies
After months of evaluating and researching different techniques, I have decided that wholesaling is the best strategy to begin my RE investment journey.
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4 March 2024 | 14 replies
Recognize the fundamentals of private lending, mortgages, and innovative financial techniques.
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5 March 2024 | 199 replies
If anyone has any favorite articles relating to frugality, house hacking, or any creative expense-minimizing techniques, please feel free to recommend them.