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6 July 2024 | 2 replies
I'm a long distance investor. As a quick-and-dirty approach I use school quality as a way to guestimate neighborhood quality. The downside is this isn't terribly granular so it can be misleading. Some cities can be ve...
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9 July 2024 | 197 replies
As it happens, I have two favorite attorneys, one male and one female.
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12 July 2024 | 281 replies
My favorite I have encountered so far is the past due tenant.
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8 July 2024 | 6 replies
I house hack now and its my favorite thing to help clients find.
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7 July 2024 | 11 replies
Now - as in now - might be a good time to pick one or two favorite nieces or nephews or someone like that, and have them work with you for two or three months so they understand what needs to be done.
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6 July 2024 | 14 replies
@Lexi Teifke One of my all time favorite movies of all time.
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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 | 5 replies
@Ali Harris, this is probably my favorite part of real estate investing: seeing the potential in a property that isn't readily apparent to most other people, and then executing a plan to bring your vision to life - so cool to hear you're exploring this!
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3 July 2024 | 9 replies
If you're interested, send me a DM and I can put together a list of my favorite meetups.
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4 July 2024 | 11 replies
It has long been a favorite for local investors and in the 6-8 years the word spread and it is a hotbed for many more now.