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5 September 2024 | 7 replies
The BiggerPockets forums are a treasure trove of information—take advantage of it by asking specific questions as you progress in your journey.Plan for the Long Term: Multi-family investing is a long-term game.
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5 September 2024 | 2 replies
I am looking for any advice on starting and progressing in my real estate career as fast as possible.
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3 September 2024 | 0 replies
There are specific rules for 1031 exchanges including:The replacement property must be identified within 45 days of transferring the relinquished property.The replacement property must be received within 180 days after the transfer of the relinquished property or the due date of the taxpayer's tax return, whichever is earlier.Special rules apply for exchanges between related parties (defined in § 267(b) or 707(b)(1)).Real property located in the United States and real property located outside the United States are not considered property of like kind.Cost Segregation StudiesA Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.
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7 September 2024 | 36 replies
The siren song of the progressive.
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4 September 2024 | 4 replies
(If your project is primarily housing or incorporates housing specific funding sources, you will need to apply through the Department of Housing rather than through this program.)The funding sources that a project can receive include the Chicago Recovery Plan (CRP), Housing and Economic Development Bond (HED), Neighborhood Opportunity Fund (NOF), and Tax Increment Financing (TIF) which have all been combined into a single, streamlined grant program with unified rules and regulations.
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10 September 2024 | 43 replies
This is severe left, progressive territory.
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4 September 2024 | 1 reply
What are people using to manage/track their fix and flip milestones, tasks and progress?
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13 September 2024 | 61 replies
Most people will not do just the simplest research, the US builds just under 1.5 Million Housing units (SF, MF and Apartment) so she wants to drive this down to 750,000 + - per year, does not look like great progress to me.
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5 September 2024 | 9 replies
We set up our infrastructure and are very organize and thorough, and through the year we made some significant progress and went on a learning phase to get better each day and closer to our first deal.As foreign investors we have to rely on hard money which gives a less edge, and face uncertainty with contractors not knowing real pricing and such.We are constantly on the look out for new investment opportunities.The problems we are facing right now is not knowing good contractors and the high competition on the MLS.We just started learning more about off market properties and sending direct mail.We would like to hear from your experience what should our next step be as newbie investors, and if there are some foreign investors here with tips.Thank you so much guys, best of luck to all!
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4 September 2024 | 8 replies
It’s a work in progress but I think it will pay off when its time to automate.