
4 December 2024 | 2 replies
After reaching out to two separate CPA's they advised me they do not answer 1031 questions and the intermediary should confirm the correct deadline date.Can anyone confirm whether the qualified intermediary should provide the confirmation of the date pursuant to the IRS notice or provide a CPA who does phone or zoom consultations and works with 1031's/IRS Notices?

3 December 2024 | 6 replies
Readers are advised to seek professional advice.

5 December 2024 | 6 replies
Start with your primary, rent out any spare bedrooms "house hack"Use that to practice upgrades, kitchen, bathroom, curb appeal... etcNow you have experience as a landlord and flipper, use that to buy a distressed propertyAdd 40% equity to the property through home makeover, refinance into a low cost mortgageNow you are cashflowing a healthy margin on a second property, use that to build equity over time, cashout later and buy your duplex/quad.If it's going to take you 10 years to save up a down payment for a small apartment building, yeah it makes more sense to start growing your portfolio with cheap SFR flips instead.Every market is different, every borrower is different, every property is different, it would be ill-advised to recommend anything without recognizing the individual's nuanced goals and objectives with their next acquisition.

4 December 2024 | 2 replies
First and foremost, buying more than one property at tax auction is advisable to help you unload those that may have liability issues.

11 December 2024 | 68 replies
I will take you advise and attend as many meetups as possible.

2 December 2024 | 2 replies
A lawyer advised me to dissolve the business because we can't fulfill the purpose of the business then sell the lots. which I'm fine with but I really want to keep the lots and build on it.

3 December 2024 | 14 replies
Often times, I advise folks to start with HML or PML and the refi into a DSCR loan with a bank/CU when the property is stabilized.I am going to assume that a HML/PML loan would be at a higher cost/rate than a bank that would play ball, so I would prefer that if possible...

3 December 2024 | 10 replies
Would it be advisable to move my LLC from Florida to Delaware also in the event I need to go to court to recover the loan would an llc in Delaware be better?

3 December 2024 | 5 replies
Any advise on adding washer/dryers is a plus I know routing new drains can be tricky when trying not to get to invasive on a "cosmetic" job.

2 December 2024 | 2 replies
I’m making a few assumptions: 1) at least some buyers and sellers will accept much less agent handholding than commonly assumed, 2) the primary value that agents add is a) pricing guidance and b) advising clients on offers and counter-offers, and 3) there’s no truly compelling reason why North America has the highest average commissions in the rich world.