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15 November 2024 | 12 replies
We had Covid, high interest rates, inflation, bad politics...
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20 November 2024 | 18 replies
I’ve made a conscious effort in automating and digitizing more of my rental management tasks and can share some of the tools I've been exploring that might be helpful to others.I use Baselane a lot, it is a platform that's really geared towards landlords and real estate investors.
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19 November 2024 | 5 replies
I have seen instances where a 1031 exchange was not required such as1) The overall gain from the sale of the investment property was very small or even negative2) The taxpayer had enough passive loss carryforwards to offset the gain.A 1031 exchange is a very powerful tool put it has to make sense before going forward.
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20 November 2024 | 11 replies
If not, hire a professional architect or floor plan designer, or use tools like RoomSketcher, MagicPlan, or Matterport to create them.
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19 November 2024 | 1 reply
If you’re exploring options, look for a system with an API that connects to tools like Zapier or Make.com.
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19 November 2024 | 3 replies
Don't let that fear keep you from using the tool that adds dramatically to your bottom line.
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21 November 2024 | 6 replies
Tools like Baselane simplifies bookkeeping and tax preparation by categorizing transactions and storing records.Keep personal and business accounts separate to maintain LLC liability protection.Please don't use the same LLC for flips and rentals.
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25 November 2024 | 14 replies
Look into property values, vacancy rates, and the overall rental market in the area.Real estate can be a powerful way to build wealth, but it’s essential to start with the right tools and knowledge.
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17 November 2024 | 2 replies
If there aren't issues with this and it wouldn't be too much extra work, I'm really just looking for an additional tool to incentivize our borrowers/purchasers to keep paying timely each month.
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20 November 2024 | 15 replies
Mainly because home inspectors already have tools and systems for quickly generating thorough inspection reports to help you negotiate credits, concessions, and/or price reductions.