Now, I just have to find some tax strategies that help reduce active income tax liabilities.

I should also note that the GC reduced his profit margin to less than 10% on this particular bill, which offset the use of the contingency fund.

It can serve to protect you from people who establish themselves on your property and may reduce your risk from people who walk onto your property, destroy your property or "get hurt" while on your property.While holding land for future development I would advise you to look into the "trespass" laws for your jurisdiction and see if you can post signage like we can.

But there are definitely ways we can reduce them.

(it will reduce your expenses)3) Do you do “dry” closings?

When an investor starts to get CREATIVE which usually means little to no money down and all kinds of off the wall techniques then the odds of closing go way down.For the investor that hits the 1 in 100 miracle home run on a creative deal it is worth it to them but for the broker or agent it's usually just a waste of time.I wouldn't say not having an everyday single agreement is wrong but I would say it greatly reduces your chances of an offer being accepted by a seller.

After all, in their best interest to reduce their risk by these items.Remember that it's not the job of the title company to fix the problems that your deals present.

If the lender wants to do the whole deal under one loan, you can go there, costs may be less, but ensure that you get a release fee for each property, so that later on you can refinance or sell one property without having to reduce amounts owed on the entire loan.

You walk about knowing what you might need fixing and how likely they are going to stay or leave.You could implement a rent increase but offer an incentive at a reduced rate if they sign a one year lease.Also the tenants will talk to each other, especially during an ownership change.

I partnered with two people in 2013 -- one turned out to be the best partnership of my life (circumstances required him to do most of the work and I'll spend as long as it takes to repay him for his hard work) and the other turned out to be the worst (circumstances required me to do most of the work and he bailed on me before fulfilling his end of the deal).Main lesson learned: Rarely will a partnership work out where both sides do equal work -- if you're doing the bulk of the work, beware; if your partner is doing the bulk of the work, be thankful and don't take advantage.