5 July 2024 | 10 replies
Class C type stuff maybe.The complexes in the part of town dedicated to multifamily can be a mixed bag.
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12 July 2024 | 281 replies
However, we don't have dedicated parking and they have to park on public streets.
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5 July 2024 | 0 replies
This year, I made an intentional effort to dedicate at least 5-10 hours a week to learning and have done that consistently, and probably put in way more hours than that.
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5 July 2024 | 1 reply
It's clear you're dedicated and passionate about wholesaling, which is fantastic.A couple of tips:- Focus on Building Relationships: Keep nurturing the connections you're making.
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4 July 2024 | 7 replies
This general log gives an overview of your activities, but it might not be detailed enough for IRS purposes.Example 2: Detailed LogMonday, 7/1/247 AM - 7:30 AM: Monitored security cameras1:30 PM - 2:15 PM: Responded to tenant question regarding parking3:00 PM - 3:30 PM: Monitored security cameras4 PM - 4:15 PM: Checked mail and delivered to tenants, as necessary7 PM - 7:30 PM: Monitored security cameras10:30 PM - 11 PM: Monitored security cameras7 AM - 11 PM: Remained on standby all day for tenant needs/emergenciesThis detailed log breaks down your activities into specific time slots, which can provide a more precise account of how your time was spent.Best Practices for Record-KeepingBe Specific: Break down your activities into smaller time intervals, as shown in the detailed log example.Use a Logbook or App: Consider using a time-tracking app or a dedicated logbook to keep daily records.Document Standby Time: Clearly note the hours you are on standby for emergencies, but also separate it from active tasks.Include All Activities: Document everything from advertising to maintenance and tenant interactions.Consulting with a Tax ProfessionalGiven the complexity of qualifying for REPS, it's always a good idea to consult with a tax professional.
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5 July 2024 | 10 replies
Check out this great thread by Chris Piper at https://www.biggerpockets.com/forums/12/topics/862964-wholesaling-101-how-to-wholesale-for-beginnersI posted a link to it on my own recent thread, which you might also find useful, it has links to some of the resources I have checked recently https://www.biggerpockets.com/forums/93/topics/1197244-how-to-do-wholesaling-right-in-maryland-east-coast-and-nationwidePiper's thread is where I started my research and am very grateful to this person for dedicating his time to share so much of a valuable information.
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2 July 2024 | 0 replies
Previously, I dedicated many years to selling custom and semi-custom residential properties for a highly respected and well-known builder in Atlanta.
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1 July 2024 | 2 replies
Commit to dedicating 12-24 months of your time to learn the ins and outs of the business.
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3 July 2024 | 36 replies
Their onboarding is very good and they assign a dedicated person to work with you weekly on getting everything set up.
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1 July 2024 | 12 replies
I am debating whether to use a dedicated business account that is funded to ensure proper tax records vs using a personal credit card so I can accumulate points.