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29 September 2024 | 12 replies
What makes NJ good is being in areas with favorable land lording laws and proximity to transportation/NYC.
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29 September 2024 | 8 replies
So maybe just publicize it on FB market place
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29 September 2024 | 5 replies
Based on my reading of IRS Publication 523 (Selling Your Home), it appears that I must report the sale of the original property on Form 8949 and Schedule D, given that I received a 1099-S.
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4 October 2024 | 35 replies
Because our claim was so large $400k+ the check had to be signed by the adjuster (highly recommend a public adjuster), owner of the property, and then went to the bank to distribute draws as work was completed.I would assume if you sell the property the insurance check would likely go to the bank first (as the primary lien holder) and if anything is left over would come to you...
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1 October 2024 | 29 replies
I used to go to the sheriff sale and they would scoop up so many valuable lots and wouldn't allow bidding to the public.
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26 September 2024 | 14 replies
Closeness to transportation is always better, but that is a tradeoff too.
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29 September 2024 | 11 replies
With 100 properties at those margins, the public markets would assign a 10x multiple on revenue, equaling a $258m valuation (100 properties * $21,500/month * 12 months * 10x).
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27 September 2024 | 11 replies
Additionally, placing the property in an LLC doesn't guarantee privacy for tenants, as they can still access public tax records and potentially trace ownership back to you.
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26 September 2024 | 5 replies
Companies that are required to comply (“reporting companies”) must file their initial reports by the following deadlines:Existing companies: Reporting companies created or registered to do business in the United States before January 1, 2024 must file by January 1, 2025.Newly created or registered companies: Reporting companies created or registered to do business in the United States in 2024 have 90 calendar days to file after receiving actual or public notice that their company’s creation or registration is effective.Beneficial ownership information reporting is not an annual requirement.
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27 September 2024 | 15 replies
But one of the best resources I've found is just reading, and listening to, as many books on the subject as I could find to really help deepen my knowledge and expertise.I actually just started listing to audio books over the last year or so and found a great app called Libby, that you can download for free through the Cleveland Public Library system and there's tons of great audiobooks on real estate and investing that I listen to when I'm driving and has helped me a lot!