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18 February 2025 | 7 replies
What alternative method(s) would you recommend for beginners?
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20 February 2025 | 0 replies
I know commercial property acquisitions and trades are slow right now for a variety of reasons, definitely making it a harder entry for a no-experience salesperson, and I also have my doubts that many would be interested in my resume when none of it relates to the real estate industry.
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15 February 2025 | 10 replies
They will have systems in place to find off-market deals so you can analyse where the numbers are more attractive for you.You can also try the wholesaler list method.
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17 February 2025 | 6 replies
.✅ Indirect Expenses (Office Overhead, Admin, & Labor): Harder to allocate, but common methods include:2) Common Billing Methods🔹 % of Gross Rents – Many PMs charge 3-5% for admin overhead.🔹 Per-Unit Fee – Flat $10-$20 per unit/month for shared costs.🔹 Time Tracking – Track staff hours and bill properties proportionally.🔹 Software Tools – AppFolio, Buildium, Rent Manager allow bulk allocations.3) Best Practices✔ Use a Spreadsheet or Software – Track expenses by property before invoicing owners.✔ Be Transparent – Define billable vs. included costs in your PM agreement.✔ Avoid Surprises – Owners expect clarity on additional charges.
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17 February 2025 | 5 replies
Commissioner, 73 T.C. 766 (1980), specifically confirmed that rental management activities can qualify for the home office deduction, regardless of passive income classification.Key Considerations: 🔑The space must be used ONLY for rental managementNo personal activities or other business uses allowedMust maintain solid documentationActivities should be regular and substantialPro Tips: 💪Consider the simplified method ($5/sq ft, max 300 sq ft)[Rev.
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14 February 2025 | 1 reply
Like there are so many different routes you can take I understand that but I would like to know more about the brrr method and things in general as far as getting started.
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19 February 2025 | 12 replies
Good luck, My wife and I are starting also, we also plan to do the BRRR, method,would love to talk more, maybe shares some do's and dont's that you may run across and we could share the same info to you. we are in the st louis area
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12 January 2025 | 2 replies
Just say no.I would almost never do this trade unless all my downside, including potential unknowns, were completely compensated for.
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13 February 2025 | 4 replies
They are simply trading one thing for another.
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21 February 2025 | 220 replies
They know they can’t afford a trade war.