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21 February 2013 | 5 replies
(not in it for the $$$, just to get into the market, PROBONO work)2. my accountant said I can't deduct any of the work I have done on it... b/c I am not generating any INCOME from it.3. in PA, I can't even management it if I don't have BROKER license (thank goodness for POA (power attorney)these are things I didn't know til after...I have another investor waiting (again a family) but I really don't want to do another probono work..... so I am getting my license now.Make sure you have in WRITING the 50/50 split, and that you have Power of Attorney... or open an LLC with both your names on it, and by it that way.we haven't decided to buy/hold/rent or sale.....my investor is pretty much hands off..which is nice bc they are out of state... but even still, "too many cook in the soup" can happen, b/c it is their 100% money and their property.without the POA...I have no say in this deal.
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28 February 2013 | 20 replies
They can even have different auto-underwriting software.
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3 March 2013 | 6 replies
Try them first then see if Foremost will write your houses.
26 February 2013 | 6 replies
The more I write the more I'm sure a 9-5 setup won't work.
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22 February 2013 | 9 replies
I will be writing my own yellow letters soon and will writing the envelopes too!
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25 February 2013 | 3 replies
This has inspired me to write a new book on Landlording: "50 Shades of Property Management"
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1 March 2013 | 12 replies
I got a letter from the fire dept saying they would answer calls in that subdivision so I got to write business at a better rating.
25 February 2013 | 9 replies
I just want to know how to put this in writing so I can secure my investment.
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25 February 2013 | 14 replies
The most successful technology business owners don't write software or build hardware (even if they're good engineers).
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22 January 2014 | 8 replies
I'm writing to share the story of my first REI deal finally closing!