
20 April 2024 | 1 reply
While this initial policy allowed me to secure conventional financing, I'm now in the process of planning and executing renovations to enhance the value and appeal of my home, with the goal of switching to a different insurance policy after completing the remodel and being refunded the unused portion of the escrow.

19 April 2024 | 15 replies
This includes individuals who primarily have W-2 income from employment, basic investment income, and perhaps own a home or have standard deductions.Rental Property: If you have one or two rental properties and feel comfortable managing the related expenses and deductions, tax software can handle this level of complexity, especially if your transactions are straightforward and well-documented.Complex Scenarios: Hiring a CPAWhen to Consider: As your financial life becomes more complex—such as owning multiple rental properties, running a business, dealing with investment incomes, or having special tax considerations (like inheritance or foreign income)—the benefits of hiring a CPA increase.Cost Consideration: Hiring a CPA typically costs at least $1,000 to file your taxes, which can increase based on the complexity of your return.

19 April 2024 | 1 reply
Tax deductible improvements such as drainage tile, terracing, irrigation can significantly improve the productivity and the value of the land.

23 April 2024 | 30 replies
Well today getting 8% is historical norms with a diverse portfolio so I would take the $ today and as a GP would give the money back to investors in 100% of these situations. these are great question, but most gp these days are just trying to keep floating by modifying the loan, to a year or two.in my opinion, and this is my opinion, it's good if gov. can give subsidize them by allowing further debt restructization , lets say there's program for goverment to give them extension of 5 years with lets say 5% debt.this would stabilize lot of CRE market i know this strategy has been used outside USA.

20 April 2024 | 1 reply
Making the move sooner than later allows you to get a jump a head of the property increasing any faster.

20 April 2024 | 4 replies
Just buying the derivatives wouldn't allow you to sell the paper back to the homeowner.

20 April 2024 | 3 replies
Many do not allow it due to the city wanting to focus more on higher-priced real estate asset classes such as single-family homes, apartment buildings, etc.

20 April 2024 | 6 replies
The company we use for credit/background checks will not allow our company to share that information with anyone else, not even the property owner (when we are acting as the property manager).

20 April 2024 | 2 replies
These programs allow you to buy a 2-4 unit as well but it just has to make sense and thats a fairly easy thing to map out in most cases.Hope that helps a bit...

19 April 2024 | 16 replies
Being handy is a great way to start and learn the business but your time should be spent finding your team and the next deal.Instead of swinging the hammer, focus on expanding your network:1) Agent/wholesalers to send you deals and list them on the back end.2) Contractors that allow a fast, efficient, value focused renovation.3) Lenders that can allow you to close on properties quickly with solid leverage.