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8 July 2024 | 18 replies
I only charge for a background check when I have personally already looked at local court records for every location listed on the app.
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6 July 2024 | 8 replies
I also use landglide app on my phone for property info.
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7 July 2024 | 11 replies
Quote from @DJ Thielen: This matter has been fully settled 100% with an ex-tenant MacKenzie Loper that was renting, but I was told she can’t post here, by her, because bigger pockets has now actually banned her from the site...therfore I’m posting this notice of settlement and confirmation that this matter is completely and 100% fully resolved and settled as of 06/25/2024.Anyone with any issues about myself or my company I’m happy to speak to you personally as I've been in businesses of my own for 27 years now, and you can view my over 700 5 STAR client reviews here at https://reach150.com/m/review/38018/empire-real-estate-dj-th...so please feel free to reach out directly to my personal cell phone 1-503-740-6029 with any questions or concerns I'm happy to assit you.Also IF you're a Real Estate Investor needing guidance or help, feel free to reach out I'm happy to so how I can assist!
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5 July 2024 | 14 replies
It is like a Facebook type app for real estate investors.
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2 July 2024 | 5 replies
I’m looking for an app or software other teams have used to create or follow a process from contract to contract and have the whole team on same page.
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4 July 2024 | 7 replies
This general log gives an overview of your activities, but it might not be detailed enough for IRS purposes.Example 2: Detailed LogMonday, 7/1/247 AM - 7:30 AM: Monitored security cameras1:30 PM - 2:15 PM: Responded to tenant question regarding parking3:00 PM - 3:30 PM: Monitored security cameras4 PM - 4:15 PM: Checked mail and delivered to tenants, as necessary7 PM - 7:30 PM: Monitored security cameras10:30 PM - 11 PM: Monitored security cameras7 AM - 11 PM: Remained on standby all day for tenant needs/emergenciesThis detailed log breaks down your activities into specific time slots, which can provide a more precise account of how your time was spent.Best Practices for Record-KeepingBe Specific: Break down your activities into smaller time intervals, as shown in the detailed log example.Use a Logbook or App: Consider using a time-tracking app or a dedicated logbook to keep daily records.Document Standby Time: Clearly note the hours you are on standby for emergencies, but also separate it from active tasks.Include All Activities: Document everything from advertising to maintenance and tenant interactions.Consulting with a Tax ProfessionalGiven the complexity of qualifying for REPS, it's always a good idea to consult with a tax professional.
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1 July 2024 | 6 replies
our photographer uses the app magicplan.
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3 July 2024 | 4 replies
Reading through some other forum posts, it looks like there are much simpler partnerships, entities, or offerings that would meet what I am trying to do:My Role:-Decide on properties to purchase, mostly SFHs-Establish LLCs or other business structures to hold the real estate and distribute returns-Purchase properties, using loans as needed depending on the ROI/cash flow desired from investors-Act as property manager for the properties-Depreciate properties held in business entities to minimize taxable income to investors-Distribute returns to investors-Create investments that have high cash flow (CF) and low appreciation (App) , moderate CF and App, low CF and high App-Find investors from connections, friends, and family with no public advertising-Advise in a minimal capacity on tax and real estate strategies-Send investment reports to investors-Be fiduciary to all investors-Receive compensation from PM and other management work I do related to the investmentsInvestors:-Can be non-accredited -Invest as little as $1000-Can use retirement accountsWhat references can people recommend for me to learn about business structures, partnerships, securities, taxes, or other topics to get me started on learning what will work for my goals?
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3 July 2024 | 4 replies
If applying requires more than two brain cells and one minute of their time, you'll eliminate a lot of the lookers.I recommend a syndication software.