Amanda Paugas
Sober living house
8 October 2024 | 23 replies
Biggest challenge is to network to build relationships with rehab facilities, detox centers, IOP/PHP clinics.
Lisa Broderick
Has anyone done or heard about Glenn and Amber Schworm's mentorship program?
18 October 2024 | 37 replies
That 40k class would not teach you to put nail to the drywall.In my actual job i am so very busy writing code for DATA CENTER like Amazon or Google data center, so I do NOT have time nor knowledge to put a nail in the drywall, but i have TRUSTED friend that can put the nail in the drywall.There are just so many RESOURCES here in BIGGERPOCKETS where one do not need to go to any school but can learn from them or they can redirect to the right people.As for me , my life in real estate context has DRAMATICALLY IMPROVED when I CONVERTED my business relationship into much PERSONAL RELATIONSHIP to the contractor.In flipping business, the contractor, the subcon , is like the Prophet, okay, they have to be listened and being served.
Adolphus Fletcher
Can you avoid personally guaranteeing mortgages through business?
15 October 2024 | 14 replies
🏦To get to the point where you can avoid personal guarantees, you’ll need to build your business credit over time:Open trade lines in your business’s name (utilities, vendors, etc.).Make sure you’re reporting payments to business credit agencies like D&B.Keep your debt-to-income ratio low and maintain good cash flow.It doesn’t really matter if it’s an LLC or S-Corp—what matters most is establishing the business as a strong, creditworthy entity.But yeah, in the early stages, personal guarantees are almost unavoidable.
Sabian Ripplinger
is Erik cline's whole sale course worth it?
12 October 2024 | 10 replies
I run a call center for Real Estate where we call for investors and I can tell ya, your best bet with such limited time is cold calling targeted lists (high equity within your buy box) for 3-4 hrs every day.
Carrin Johnson
Bill Summary: AB 1771 The California Housing Speculation Act: Impact on Fix and Flip
11 October 2024 | 2 replies
Assembly Bill 1771, also known as the California Housing Speculation Act, aims to change real estate tax policy to discourage investors from quickly reselling properties like single-family homes.Under the proposed bill, an additional 25% tax would be imposed on the gain from the sale of a qualified asset (including homes) within three years of the previous sale.The tax reduction is dependent on the number of years passed since the initial purchase of the qualified asset, ranging from a 20% reduction for sales occurring between 3.01 to 4 years to a 100% reduction for sales occurring more than seven years after the initial purchase.The revenues generated by this tax increase would be deposited into the Speculation Recapture Community Reinvestment Fund, which aims to support affordable housing, local governments, schools, and infrastructure projects.The bill is introduced by Assembly Member Ward, and the proposed tax changes would take effect from January 1, 2023.Assembly Member Ward argues that short-term investors in the market, including fix and flip investors, contribute to rising housing prices, limiting opportunities for Californians to purchase homes.While the bill may discourage short-term speculative transactions, it is worth noting that California's tax laws still provide certain advantages for investors, including unlimited tax write-offs and depreciation benefits.The bill is subject to legislative approval, and Assembly Member Ward will speak publicly about the bill at the San Diego County Administration Center on a specified date.Please note that this is a simplified summary of the bill and its potential impact on fix and flip investors.
Brandon Gale
How do you handle unreasonable reviews?
18 October 2024 | 29 replies
I send a message asking if everything is good with the house and we leave a nice treat in the fridge from a local German bakery.So after 10 years we get a response like " The house is beautiful we appreciate the attention to detail and thank you so much for the treat"This sets the stage for a 5 star review.
Nate Armstrong
Is a huge real estate crash coming soon?
21 October 2024 | 176 replies
The rest of developed world was in various stages of disaster and incapable to truly compete.
Ibrahim Mawri
Seeking Feedback: Would a Tool to Streamline Due Diligence in CRE Be Useful?
11 October 2024 | 3 replies
Let's not pretend software widgets are 20 thousand square foot shopping centers...
Alexander Celestina
Tips on areas to invest in Jacksonville
13 October 2024 | 16 replies
Anything that has an attractive price in 32206 or 32209 is either in a D class neighbhorhood and/or a property that needs significant rehab.The further you go from the center of downtown, the more likely the property is in a better class neighborhood.The exception being springfield where it is close to downtown but considered a good neighborhood.
Sanjeev Advani
Costco's New Mixed-Use Development Tackles California’s Housing Crisis
11 October 2024 | 0 replies
This first-of-its-kind project addresses California’s housing shortage by repurposing an underutilized site into a vibrant residential and retail space.Of the 800 units, 180 will be affordable housing, with amenities including a rooftop pool and fitness center.