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29 March 2024 | 20 replies
Get your social media profiles up, and make them look professional.
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30 March 2024 | 11 replies
And evaluating the track record is a call that's made first by the taxpayer or their CPA, and ultimately by an IRS auditor (should one get involved). it is very true that the IRS cares about intent with respect to capital gains in real estate -- I've certainly seen cases where the statutory timelines were less important and the identified intent of the investor.with respect to determining whether you qualify as a developer or an investor, it's much more of a "forest" than the "trees"...so holding any given investment for 14 months prior to a flip is certainly no guarantee of receiving long-term capital gains treatment.I hope this helps.
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29 March 2024 | 13 replies
Attend real estate seminars, workshops, and networking events to expand your knowledge and connect with industry professionals.
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30 March 2024 | 12 replies
In these situations I take care of my tenants.
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29 March 2024 | 5 replies
@Zeke Nickie So far the only two times I’ve crashed and burned in real estate has been when I’ve been involved with a partner so just be super careful if this is the path you choose to pursue.
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30 March 2024 | 7 replies
Plus, it could be Tricky with the money, as some banks might not want to give you a loan if they're not sure you can make enough money from Airbnb.Be Careful when figuring out how much money you might make, and it's safer to guess on the low side.
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30 March 2024 | 2 replies
If you don't want to do all of the management stuff, you could look into Padsplit, its a model that I don't really care for, but might work for your situation.4.
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30 March 2024 | 11 replies
@Karyn Navin be careful in your search for an "investor friendly" agent.At least 95% of them are only "friendly" because they want a commission!
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29 March 2024 | 2 replies
As far as if you still have to spray, I would recommend reaching out to a termite professional for incite on that, but if it was me, I would keep up it- since the home is clearly susceptible to termites.
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30 March 2024 | 2 replies
It didn’t work out for me because according to the formula my “coach” provided, this deal did not include at least a 10% profit, and I didn’t care that it was a 6% profit, it was a good profit, and it wasn’t going to be the only deal, but I pitched it to the private money partners I was given access, but It wasn’t jumped on fast enough before another investor snatched it up for $1.3 mil all cash within a couple of days of my walking it.This was the problem with this “coaching” program… all my potential deals fell through because there never was at least a 10% profit, so I couldn’t get attention quick enough from the private money partners before another investor came in with all cash.