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15 November 2024 | 3 replies
Hello, My name is Matthew I'm new to real estate investing and am currently looking to start off with a rental property to get started, having done a lot of reading and research on my end I'm still looking into getting a better understanding and more knowledge so that I can be as prepared as I can be.
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15 November 2024 | 5 replies
It is the most popular software in the industry, and most Tax Preparers are familiar with it, which makes tax season easier.My Recommendation: Spreadsheets are usually fine for your first 1-3 properties. 3+ properties, you should use a software.
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12 November 2024 | 1 reply
With your extensive experience in remodeling and radon mitigation, you'll be a great resource for anyone needing radon testing or mitigation solutions.
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14 November 2024 | 3 replies
That being said, here’s what I would recommend for a thorough DD process:-Build a plan in advance (setup a spreadsheet, meet with the team, etc)-be prepared to take a lot of pictures -document notes with each room (we use notes on Apple and share it with the team)-align the team on standardizing information (example: what does “bad” mean, what does “okay” mean, etc - everyone looks at things differently and you want to make sure the notes are accurate during your debrief)-bring in professionals for things you can see, like sewer lines hope this short list helps!
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14 November 2024 | 2 replies
Be prepared to explain why the extension is necessary and demonstrate your commitment to closing the deal.
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20 November 2024 | 45 replies
Ive done A/B testing to see if going through my mortgage broker, or going directly to the bank would produce a better result.
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11 November 2024 | 12 replies
Originally posted by @Bob Daniels:*Disclaimer* My account has only been open for 3 months, which isn't nearly long enough to draw a solid conclusion from.I recently invested 1k with them in their long term growth fund as a test run to see how accurate their claims were.
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13 November 2024 | 2 replies
What a great portoflio --- sounds like taking one of them and adjusting the calendar should be enough of a test.
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17 November 2024 | 30 replies
Rental income that is treated as business income, can be converted to non-passive income if one of the 7 material participation test are met and the taxpayer qualifies for Real Estate Professional Status.
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15 November 2024 | 6 replies
South East Texas should have a few experienced crews, so ask around locally or check reviews.One tip: make sure to prepare the new lot properly—things like leveling the ground and checking utility hookups are essential before the move.