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7 December 2015 | 21 replies
Vet out different sourcing companies (make sure they are actual providers and not just brokers so you don't overpay).
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14 December 2015 | 14 replies
I heard of a good one on the BP podcast and am going to try them out.Analyze deals that come in via marketing sources to further screen them.Create reports from every house I flip (to show investors)Automatically send business updates to investors/lenders I've spoken to.Automatically post stories to website and social media (virtual assistant)Get hot keywords from my area to base marketing around...make videos personally...THEN, have them transcribed and changed into a blog post for original content.Automatic follow up via text, call service, email, direct mail.
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10 January 2018 | 37 replies
I've been filing as a sole propietor, but considering setting up as an S-Corp.
7 December 2015 | 11 replies
Again I mean “roughly the same” given all sources of income (including this new income) regardless of whether the rental business is profitable on its own.Yes, I could probably afford a modest house as opposed to renting someplace else, but I think I end up with the same result.
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6 December 2015 | 1 reply
PROPERTY POLICY ($1,000 deductible)-Buliding: 150k-Rental income including extra expenses: 24k-Liability each occurrence: $1million-Liability General Aggregate: $2million-Personal and Advertising injury: $1million --(I don't know what this is)-Damages to premises rented: 100k-Medical expenses: 5kI was also quoted a $1million umbrella policy.I was referred to this broker by a trusted source and I plan to shop around, but I need some advice on whether or not this is the amount of coverage to shop around.
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7 December 2015 | 4 replies
To that end I'm also hoping to get a more accurate picture of rehab costs so I can make sure the deals I source make sense!
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25 December 2015 | 14 replies
Such as, experience and track record that is needed to convince the lender to make the loan, the sourcing of the deal itself and the associated local market knowledge and resources, the loan guarantees, fund administration, and of course the management of the asset and the investment plan, among other things.Promote aside, if the sponsor contributes capital then there would be further participation in the cash flow via the sponsor's pro-rata share of the equity stack.Things start to get imbalanced when the sponsor gets more of the deal than the equity partners.
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12 January 2016 | 8 replies
The real estate is effectively inventory in a sales business, just like refrigerators or stereos.Passive sources of income such as interest (i.e. hard money lending), rents from real property, dividends and royalties are not subject to UBIT.This concept is documented in IRS publication 598.The ROBS program is an entirely different structure as compared to a self directed IRA.
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8 December 2015 | 7 replies
This website is an enormously informative source and you can find great answers to almost any real estate investing question you may have.
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23 April 2022 | 41 replies
Especially, if she is a source of good deals.