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5 February 2025 | 6 replies
@Jason Sinclair, having a designer for a wife, I would answer that it really depends heavily on each house, the flow and usability of the spaces as they are, and the overall use of space in the house as a whole.That being said, while there may be a small shift towards more separated spaces, "open concept" is by no means dead, and in many markets, most people seem to still want to have connectivity between their communal spaces.In fact, my wife's current flip is a split level (although technically it is a split-foyer), and she is taking out a structural wall to connect the kitchen, dining and living areas.
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29 January 2025 | 6 replies
After 20+ years in real estate partnerships, here's what actually puts you on the IRS radar (and what doesn't):REAL Red Flags That Matter:The Partner Complaint TriggerDisgruntled partner files Form 8082K-1 disputesPartnership disputes leading to tax filingsReal Impact: Instant IRS attentionSuspicious Loss ClaimsLosses exceeding investmentArtificial basis inflationSudden large losses without economic realityExample: $100K investment claiming $500K lossesRelated Party GamesCircular property flipsBelow-market transfersFamily partnership schemes without substanceWatch Out: IRC §267 and §707(b) violationsDebt Engineering Red FlagsBasis inflation schemesArtificial guarantee arrangementsPartner debt shifts near year-endCritical: IRC §752 compliance matters!
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15 February 2025 | 2 replies
The market shifts, and properties take longer to rent or sell?
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7 February 2025 | 1 reply
Younger buyers are still eager to enter the market, and as the economy shifts, there is potential for conditions to become more favorable.
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27 January 2025 | 25 replies
Now, I'm shifting my focus to multi-family properties, particularly in landlord-friendly states.
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14 February 2025 | 7 replies
In my market, we're seeing a shift from a pre-agreed upon % to provide to a buyer agent to sellers offering buyer agent compensation but leaving it up to the buyer to request how much.
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5 February 2025 | 4 replies
I've been previously working on acquiring single-family units via the house hacking method but this year, I'm shifting gears to take my goals to the next level.
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20 February 2025 | 25 replies
It is better to lower the price and shift the lease ending date late spring.
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29 January 2025 | 4 replies
Setting rent significantly above FMV could be seen as an attempt to shift income or inflate deductions, leading to potential penalties.
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30 January 2025 | 0 replies
By systematizing these areas, you can shift from a reactive approach—where deals dictate your strategy—to a proactive model that generates high-quality acquisitions with reduced risk.2.