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22 October 2024 | 6 replies
I switched to full-time flipping (from a full-time GC) and almost ALL my deals are on the MLS and do not meet the 70% rule (gasp)...here is what I do and my thoughts:First, spend effort on meeting a lot of general contractors.
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28 October 2024 | 46 replies
You could take the equity and build a site with smaller cabins in a new area to really maximize your cashflow and efforts.
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23 October 2024 | 11 replies
Looking into doctor/dentist groups that have capital to invest is also another avenue to access capital.You want to transition from a hunter out there looking for investors, to a farmer who is cultivating investors with content and providing values.Unfortunately, it takes time and effort, but it cane be done.
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22 October 2024 | 8 replies
Benefit: Weigh the potential tax savings against the time and cost of making the change.Recommendation: Consult a tax professional to evaluate whether the potential benefits outweigh the efforts and costs involved.3.Partial Asset Disposition in TurboTax: Handling Roof Replacements•Understanding Partial Asset Disposition:•When you replace a structural component like a roof, you can write off the remaining undepreciated value of the old roof.
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21 October 2024 | 13 replies
Either way, it was 1 month of vacancy and a LOT of marketing efforts before we found our tenants, and they’ve been great so far.
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19 October 2024 | 6 replies
I’m fairly new to the self-managing/property management business and certainly new to dealing with section 8 tenants.I have a potential section 8 tenant who has inquired about one of my properties and they are in their opinion “disgusted” with the way the carpet looks however up until this point in my efforts of marketing the property I have not had one complaint concerning the carpet.That being said she has requested to rip out the carpet, in turn to replace the carpet with hardwood floors.
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18 October 2024 | 4 replies
Ahh I presume this is for STR if you're doing marketing efforts then?
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20 October 2024 | 1 reply
Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.
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20 October 2024 | 8 replies
The house is located in Effort, PA (Poconos area).
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19 October 2024 | 3 replies
The above efforts definitely helped and we thought we had the issue fixed, but the water is now smelling after the house has been vacant for a week or so.We plan to get the water tested for Sulfur, bacteria and iron.