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10 November 2024 | 1 reply
My name is Neil and I have recently worked with my first client in setting up a real estate business and in order to get started, I am interested in deal evaluations and making offers as a wholesaler and with creative deals in the Los Angeles area.
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6 December 2024 | 2 replies
Quote from @Dave Hart: In the weeds on this one.
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6 December 2024 | 3 replies
I would vote bookshelf, since in long term rentals, typically, you want the least amount of things you will need to fix, as possible.If short term rental, than Murphey bed would be my vote, typically.
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21 November 2024 | 2 replies
You are required to file a complete and accurate return, which means reporting the income that you earned along with atleast the direct expenses that you incurred on your rental.There are two comflicting forces - Your tax accountant wants to be aggressive with deductions because it will entitle you to paying less taxes(now or in the future).Your lender wants to see as much income as that will increase your Debt to Income Ratio(DTI).The good thing is that you can speak with your lender about 'one time expenses', that were only incurred in that year and are not reoccuring.
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6 December 2024 | 5 replies
Always buff in the direction of the grain with a soft cloth to prevent further damage.
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11 December 2024 | 4 replies
We've installed the Moen leak detection device, which detects leaks both hot water and cold water, and monitors water usage and gives you weekly reports.
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11 November 2024 | 3 replies
Many investors wonder why they can't take the first or the next step, but the reason is usually not as related to real estate or analysis paralysis as they think.
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11 December 2024 | 1 reply
Purchase price: $25,500 Cash invested: $10,000 Sale price: $69,900 Quick Fix & Flip.Property was completely deserted & the family was indecisive about their plans for the home after a recent passing.
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5 November 2024 | 9 replies
It's rational to be scared of success when you are so young and don't know the steps to take to get there.
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6 December 2024 | 2 replies
I fund a lot of folks that do this. its just wholesaling dirt .. nothing sinister .. some try to actually buy it others try to tie it up and assign contracts.