13 June 2024 | 4 replies
We just got offered a dream job that would move us out of state.
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13 June 2024 | 2 replies
Just like you would do with any non-family contractor working for you:- get them to complete Form W9 for you, as you will need their SSNs- have them provide receipts for materials/supplies and keep those receipts- have a written labor agreement (how much and for what) - pay for materials separately from labor- make all payments electronically rather than cash so you can trace them- pay out of your business account, not personal- issue them 1099s next year if you paid them $600 or more for labor (for the whole year, not per job): https://www.biggerpockets.com/forums/51/topics/1167632-expla...
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11 June 2024 | 5 replies
But have recently thought about the longer term picture and my passions don’t align with my career even though the job is comfortable and technically what many would call a great spot to be as a Physical Therapist.
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13 June 2024 | 8 replies
I think it's a great opportunity to pick up a really good deal in a tough market, but only if you know what you are doing and structure it properly.
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11 June 2024 | 30 replies
Somewhere with multifamily stock, job/pop growth and where you want to live
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13 June 2024 | 0 replies
So, if interest rates are a buyer’s primary roadblock, then I recommend seeking opportunities to negotiate a rate buydown at a seller’s expense or looking at new construction, where builders are offering rate reductions and other substantial incentives.What if I’m a seller?
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12 June 2024 | 9 replies
Hi, as a veteran in WA state looking to get my first deal in real estate at times it's overwhelming and I could use some help with finding that first opportunity whether it be wholesaling or storage unit investing, etc.
13 June 2024 | 2 replies
It's a medical office building located in Prosper, TX and here's a breakdown of the key details:Property Details:Sale Type: Investment or Owner UserProperty Type: OfficeProperty Subtype: MedicalBuilding Size: 9,657 SFBuilding Class: BYear Built: 2023Percent Leased: 100% (Currently Fully Occupied)Tenancy: Multiple TenantsBuilding Height: 1 StoryLand Acres: 1.00 ACZoning: CommercialFinancials:Purchase Price: $676,000 + $81,000 Tenant Improvement (TI)Down Payment: 20%Commission: $22,000 (agent commission)Monthly Rent: $5,400 + NNN (exact expenses not specified)Vacancy (First 6 Months): Estimated expense of $27,600 (assuming rent starts after 6 months)Mortgage Payment Options:25 year term - $4,000/month15 year term - $4,600/monthLooking for Your Expertise:Does this fully leased medical office building present a good potential investment opportunity?
14 June 2024 | 6 replies
I hired a local property manager because doing it myself was a bit too much with my full time job.
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12 June 2024 | 1 reply
Opportunity to refinance cash out to buy more properties.