Account Closed
Keeping Your Real Estate Pro Status Intact: A Quick Guide
2 January 2024 | 0 replies
They're not just for decoration; they demonstrate your industry know-how.Now, let's talk about staying in the know.
Lloyd Segal
Economic Update (Monday, November 23, 2020)
24 November 2020 | 4 replies
The index inched higher for the fourth consecutive month, demonstrating the upbeat outlook in the construction industry.
Justin Berman
Condo Owner Financing Letter Input
7 March 2021 | 2 replies
Example of owner financed deal: For Demonstration Purposes Only – this is not an offer (numbers to be adjusted if desired)Purchase Price: $350,000Down Payment: $15,000Loan Amount: $335,000Annual Interest Rate: 4%Amortization Period: 360 monthsNumber of Payments: 120 (balloon payment after 10 years, property to be refinanced with conventional financing and remaining balance paid to owner)Monthly Payment $ 1,599.00Balloon Payment $ 263,000.00Total Payments $ 191,921.00Total Interest Paid $ 120,847.00As you can see this situation would provide a true win-win situation for both parties involved.
James Wise
HELP! I can't Find a Reputable Contractor to Rehab my House!
30 September 2021 | 50 replies
In alignment with other postings on this thread, they are saying they not taking business and they are scheduled out for 6+ months, but the moment you demonstrate you are serious and you're willing to pay for the estimate and/or the project is more likely, they remember they can squeeze you into their schedule, somehow.
Daniel Ryu
Mobile Home Park Due Diligence Tip #1
6 June 2020 | 6 replies
But the goal here is to underwrite how you would expect the park to operate and see if that lines up with what the seller is demonstrating.
Petur Karlsson
Real Estate Professional Tax Status - Help!
8 January 2022 | 20 replies
There is a great article that the Journal of Accountancy published which has an Exhibit of 2 circle diagrams that they use to demonstrate the relationship between RE professional time and material participation time as well as the 7 tests to meet material participation.
Gordon Starr
Should I hire my own kids to work for me?
22 December 2020 | 34 replies
This has worked a lot better than a wage and it has also demonstrated to them that working at the buildings is part of our family duties.I don’t “draw a salary “ so in reality everything kicks into the family coffers.
Nick Coons
Creative Financing with Credit Cards
10 October 2022 | 17 replies
I'm trying to get a reason why it wouldn't work, and virtually all of the responses I'm receiving are demonstrating that the respondents don't understand the scenario that I'm laying out.
Michael M.
Heloc on Heloc on Heloc forever?
7 June 2023 | 109 replies
I so want to do this but my wife is too afraid of leveraging our own house until it can be demonstrated that our REI strategy isn't going to get our house taken away.
Elenis Camargo
$1.3 million in deals done in 2 years from out of state!
21 July 2021 | 297 replies
Just have to say that this is a great demonstration of the power of the first deal.