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19 November 2024 | 12 replies
Hey @April Birdsong, You can use the Ring or a stand alone camera.I don't use a Ring but I have a stand alone, solar powered camera pointing at the main entrance.
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19 November 2024 | 5 replies
I have seen instances where a 1031 exchange was not required such as1) The overall gain from the sale of the investment property was very small or even negative2) The taxpayer had enough passive loss carryforwards to offset the gain.A 1031 exchange is a very powerful tool put it has to make sense before going forward.
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18 November 2024 | 8 replies
Logistically, the water and power for the dryer would come from the smaller one bedroom and the washer power would come from the 2-BR.
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20 November 2024 | 9 replies
Receipt Bank (now Dext) is a powerful tool for scanning receipts and invoices, syncing with accounting software like QuickBooks.
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20 November 2024 | 9 replies
**Long-Term Strategy**: These loans are often seen as a long-term financing solution, allowing investors to hold properties and build equity over time.In summary, DSCR loans can be a powerful tool for real estate investors, but they require careful consideration of the property's income potential and market conditions.
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18 November 2024 | 6 replies
Real estate can be a powerful way to achieve both tax benefits and cash flow, and there are many strategies to fit your goals.
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18 November 2024 | 9 replies
You will find many resources here on the forums and throughout the site as well.Personally, my short list of books to explore:Set For Life by @Scott TrenchRich Dad Poor Dad by Robert KiyosakiABCs of Real Estate Investing by Ken McElroyABCs of Buying Rental Property by Ken McElroyLoopholes of Real Estate by Garrett Sutton, EsqTax-Free Wealth by Tom Wheelwright, CPAThe Power of Zero by David McKnightREIT Investing for Beginners by Lawrence SmithWhat Would the Rockefellers Do?
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16 November 2024 | 2 replies
REI is a great thing to start to learn about so you are pursuing something with great long-term value, but you have to know that it's not a quick road to get out of the rat race.What financially free means to you could mean something different to someone else so usually what people are seeking is time freedom.
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17 November 2024 | 9 replies
Nothing more needs to be done.Some MLS systems require the signed withdrawal or you can get fined as an agent.The MLS where he is talking about has zero power over this.He is using a form of the association of which Im the President-Elect.
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19 November 2024 | 26 replies
.• Adverse Features: Do any of the comps have issues not considered in the appraisal, such as proximity to a high-traffic road, sewer plant, or power lines?