
17 December 2024 | 14 replies
Using business purpose financing and brokers/lenders that specialize in these deals should smoothen things out a lot!

17 December 2024 | 4 replies
And if you’re ever looking for boots on the ground, I’ve got a great network of investor-savvy agents who specialize in the Austin area.I’m here if you want to talk specifics or need an extra pair of eyes on a deal you’re considering..

17 December 2024 | 5 replies
I recommend people doing a side gig on what they specialize in.I am an accountant and when I worked within large public accounting firms, I had a side gig of bieng an accountant.I had a salary with my employer so regardless of how much more hours I put with them, i would be paid the same.

19 December 2024 | 12 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

15 December 2024 | 5 replies
For example, instead of an initial 6-month lease at $1,200/month, and then re-renting it in the summer with a higher rental rate, you could market it as a 16-18 month lease term (again, great suggestion by Tim) at $1,600/month with a "1 Month of Free Rent" special which you could either divide evenly across just the first 4-6 months of the lease, or prorate over the entirety of their lease term.

16 December 2024 | 6 replies
There are some special rules with passive activity.

16 December 2024 | 17 replies
One of my best friends paid cash for a "handyman's special" trailer in 2021 for $9k.

18 December 2024 | 7 replies
Using your first property as collateral could help reduce the cash you need upfront, but it’s essential to weigh the risks and it's not really recommended specially if this will be your first.I recommend focusing on building reserves or seeking partnerships to fund flips.

18 December 2024 | 20 replies
I started the tax lien foreclosure and the owner redeemed with about 2 weeks to go.You have to look at each county individually to see;Do they sell OTC liens/certificatesIf they do sell OTC, do they sell OTC all year long or only in a special OTC auctionIn Florida, counties that offer OTC certificates, you can earn the full annual 18% (1.5% per month).

18 December 2024 | 4 replies
There are attorneys who specialize in this area of law in NYC.