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2 December 2024 | 6 replies
Your profit is the difference between your adjusted cost basis and your net sale.Adjusted cost basis is your cost of acquisition plus any capitalized improvements minus depreciation.It is very possible that you could sell a property you have refinanced and generate no cash at the sale but still have a big tax bill because you sell it for more than you purchased it for.
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9 December 2024 | 98 replies
Even so, you need to buy expensive equipments and use a lot of power to mine very little Bitcoin.
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2 December 2024 | 6 replies
This being said, putting tons of pressure on the team to generate more investor leads.
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5 December 2024 | 554 replies
Equipment, real estate, intellectual property, etc.
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3 December 2024 | 22 replies
What I have learned is the usefulness of the lead-generating sites is very market-specific.If I were to estimate, in the last two years, my lease-ups came from Craigslist (20%), Apts.com (20%), Zillow (30%) and FB (30%).Most of the responses from my ads come from Zillow (40%) and FB (50%), but most of those leads are woefully unqualified (especially FB).
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3 December 2024 | 5 replies
My goal is to create generational wealth for my family and to eventually have the financial freedom to say "yes" to travel adventures as a family.
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2 December 2024 | 4 replies
@Ryon PaxHave you considered cutting some of your personal expenses to pay for the HELOC or find another way to generate added income?
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17 December 2024 | 36 replies
Hello everyone I'm from cleveland a newbie trying to find my way to generational wealth help others and retire comfortable in Real Estate
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10 December 2024 | 100 replies
They would do no prospecting, lead generation, etc.
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5 December 2024 | 8 replies
If you’re concerned about paying personal capital gains tax, remember that flipping the property means you’ll take the profit all at once, while with BRRRR, you can defer some taxes and have the property generating income.So, here’s what I’d do in your shoes:If you can make a decent profit flipping and then use that cash to roll into your next investment, you might be better off taking the cash, at least for the first project.