Chuck Baldridge
advice for getting started plan
13 August 2024 | 2 replies
Just make sure you keep enough cash reserves on hand to cover unexpected costs or market downturns.Given the complexity of your plan, especially with the involvement of an LLC and potential rental income, it might be wise to consult with a tax professional.
Noah Bacon
HOA dues increased 98% YOY!
16 August 2024 | 19 replies
This morning the HOA on one of my properties located in Colorado Springs informed the owners of a "Special Meeting Notice" to ratify an amended 2024 HOA budget due to an unexpected high insurance renewal.
Julio Gonzalez
Cost Segregation on RV Park
12 August 2024 | 0 replies
For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.
Julie Muse
Strategic Renovation Yields Success: Turlock Triumph!
12 August 2024 | 0 replies
While we faced some challenges with unexpected repair needs, our proactive approach and strong project management ensured these were addressed without significant delays.
Julie Muse
Quick Turnaround Success: Profitable Flip in Houston!
12 August 2024 | 0 replies
Lessons learned from the W Knoll St deal include the importance of precise budgeting and managing unexpected challenges during renovations.
Chase Brumfield
Construction Loan Exit Options
13 August 2024 | 4 replies
Hi folks,My wife and I have a construction to permanent mortgage loan on land+home where we intended to build.Unfortunately, we found out that unexpected foundation work due to soft soil would likely make the project use triple our contingency reserve before even breaking ground.We are exploring our options on how to transfer our current financial obligations for this construction loan to some other loan offering (as moving forward with the project is now too financially risky).
Andrew Montgomery
Intro - Looking to get out of W2 and build a meaningful legacy for my family
12 August 2024 | 5 replies
It's not quick money and there unexpected expenses that pop up from time to time.
Chetan Malik
How to scale and grow from here
12 August 2024 | 11 replies
If you decide to refinance, make sure your new cash flow can still cover all your expenses, including any unexpected costs.I hope this helps you in any way!
Chris Seveney
Boxabl Under SEC Investigation
11 August 2024 | 3 replies
Boxabl acknowledges SEC inquiry in updated filing | Business Insider India its a double whammy start up and trying to sell in a very tough interest rate environment. along with inflation and cost of components to the point their 50k to 60k box probably cost them quite a bit more to produce than what they were going to sell it for.
Jonathan Greene
The 5 Biggest Mistakes New Investors Are Making Here In The Forums
19 August 2024 | 244 replies
Regardless of how real estate -ish we are here, there is a huuuuge technology component here, too.