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18 December 2024 | 8 replies
One thing that's worked really well for me is looking through county deed records of the addresses that the LLC's are being housed under.I'd say 50% of the time the LLC address leads to a residential property, that I can then skip trace.
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23 December 2024 | 12 replies
Which should be one-on-one.GROUP 1: Not tax strategies, but for some reason often promoted as suchOrganize your records.
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20 December 2024 | 2 replies
Unlike real estate sales, rents are not public knowledge and do not have to be recorded, and they do not have to be accurate.
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19 December 2024 | 25 replies
They already have my records from the previous year(s), I’ve been a client for 20+ years, and I provide pretty detailed reports per property.
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20 December 2024 | 4 replies
Here is an episode we recently recorded with Miller.
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20 December 2024 | 13 replies
There are occasionally opportunities for grandfathering if there is evidence of legally established conversions that were done previously, but no permit records exist to show it was done.
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24 December 2024 | 6 replies
It's always case-by-case.GROUP 1: Not tax strategies at all, but for some reason often promoted as suchOrganize your records.
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19 December 2024 | 2 replies
I’ve used public records in Texas to identify estates in transition.
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19 December 2024 | 12 replies
I’m self managing myself but the tax side of it is a little confusing to me but I’m recording everything involved as far as maintenance, traveling, expenses etc. just want to know what some people would do in my situation or what to I can benefit from come tax season @Angelo LlamasI recommend that you find a real estate accountant to help you understand and prepare your taxes.Bigger Pockets is a great place to find a real estate tax accountant.
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29 January 2025 | 107 replies
Nothing is truly "passive" and a big misconception with new folks wanting to enter the real estate arena.For example, just bought a 6 unit using leverage and trying to secure a loan was a disaster of a process.I can only imagine what others have to go through on every time they purchase a property using leverage.But then again, I'm bias to the "cash only" approach.The constantly changing conditions, terms, keeping tight bookkeeping records and tax returns in order and regularly manipulating the BS credit score algorithm.Placing good tenants is more a skill then hope.It took me 10+ years to fully wrap my head around using leverage the right way and being able to "manipulate" the system to get better rates with a quicker turn around.Keep being great thanks for your reading and replying to my comments 🙏