Sidney Johnson
New to investing, living in New Jersey
26 September 2024 | 10 replies
Recommendations for career transition include speaking to agents, exploring brokerage firms, taking classes, and using resources like books, podcasts, online communities, and mentorship.Good luck!
Scott K.
Can travel expenses be tax deductible?
25 September 2024 | 9 replies
If not, I recommend commissioning one and only taking their counsel on tax-specific questions.I have a list I keep updated and recommend through our REI bookkeeping firm if you don't currently have one.They can walk you through exactly what you can and cannot write off during these trips and what you need to document in order to write things off.It's not necessarily a simple "yes" or "no".
Austin Fowler
Getting started in multifamily development
21 September 2024 | 1 reply
You can change the exit cap rate in the basic assumptions tab cell H67 and see the effect on the IRR and EM in the Equity Waterfall (GP) tab cells V51 and V53.
Steve K.
How to find new construction and turn-Key Apartment Investment Opportunities
24 September 2024 | 8 replies
Columbus has ranked on the top 10 markets that outline that for the past 6 months at least. the best place to buy new builds is in higher priceopint markets but where the costs haven't gotten out of control. besides that I'd recommend working with a vertically integrated land development, real estate development, and new construction firm or design build firm who also understands market conditions.
David V.
IRS Form 8824 Review
25 September 2024 | 4 replies
Hey Dave, I have not found it common among the accounting firm owners I know to take on clients who just need one-off review on part of the tax return.
Randy Buff
The Gap Between Seller and Buyers Price Expectations
25 September 2024 | 2 replies
Hi Randy,The reason small apartment buildings haven’t seen the same price drops as larger properties comes down to a few key factors: 1031 exchange buyers inflating bids, strong demand for limited supply, and sellers holding firm on prices since they’re not under financial distress.
Rian Madden
New to real estate
24 September 2024 | 4 replies
To thrive in real estate investing, you must maintain a firm grip on your finances.
Hunter Gibson
Wholesaler Took My EM
15 September 2024 | 4 replies
There is a home in Tampa I went UC with a wholesaler and told him I was closing it conventionally which they were fine with.Long story short the home is a triplex and zoned as a SFH so the lender will not lend on the property forcing me not to close and the wholesaler took my EM.
Rene Hosman
Poll: Have you invested in syndications before?
22 September 2024 | 2 replies
This was a conference for mostly private equity firms that raise money for and invest in large multi-family deals, and truthfully I felt a little out of my depth.
Alex Show
New Investor In Ontario
23 September 2024 | 8 replies
But I'm going to stay firm on my goal of investing in multifamilies.Please let me know if you would like to connect and explore, and possibly partner together in the future.PS: I'm also based in Toronto.