Hussein Adan
new investor in area
20 December 2020 | 4 replies
@Anthony Thompson Thank you for the kind words, my goal is financial independence!
Robert H Hilbert
Claiming an LLC Tax Write-off before the LLC IS created
3 January 2021 | 5 replies
@Robert H HilbertYou are not required to have an entity(LLC or S-corp) to take advantage of deductions.You are required to have a "business"(intent and signs to generate income).To speak on it as well, you may want to consider starting your business for a while without an entity before you actually go ahead and set up the entity.I don't know what the statistic is, but i think 90% of real estate agents stop being an agent within 1 year.
Pat Cruz
# Properties limit under umbrella insurance policy
20 December 2020 | 2 replies
@Sudrutai Chiruppapa would definitely find an independent agent who know the area.
Alain Haug
Looking for "Full Service" Turnkey Provider
23 December 2020 | 10 replies
* Don't allow financing or a finance contingency (it can be a good indication they are selling above market value) * Don't allow for your own independent property inspection * Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors) * Require you to pay for any renovation upfront * Sell only in cheap. low end neighborhoods * Don't accurately represent the neighborhood/property classification * Don't have consistent rehab standards for all properties * Don't provide a scope of work for the property * Can't provide references of repeat investors Hope this helps.
Cole Britting
Choosing Market to House Hack
21 December 2020 | 6 replies
Statistics tell you only so much, and in many cases they are just flat wrong, like Milwaukee.
Cameron Burnett
Advice on First Househack (Currently under Contract)
23 December 2020 | 4 replies
The unit is set up to be completely independent with their own entry to apartment.
Harith Hadi
Would you leave your W2 for this?
21 December 2020 | 14 replies
For truck drivers I’ve seen time and time again line 9 being written off but this can’t be added back so you’ll lose that income from a net income standpoint.If you can truly make 3 to 4 times more as an independent owner, I would start doing that tomorrow!!!
Long Wong
Referral Needed for National Property Management Service
9 January 2021 | 6 replies
Not aware of a PMC that covers nationwide.There are a few companies using the franchise model, but since each office is independently owned & operated, you'll likely experience varied levels of costs and service.
Corey Gilroy
Long distance investing: Getting to know an area?
30 December 2020 | 20 replies
You can also try asking around in these types of forums or friends/family who may live or have lived in the market you are interested in. Depending
Joe Gallo
Analyzing Multiple Deals
21 December 2020 | 0 replies
love to read about statistics of different neighborhoods and real estate.Please feel free to connect and PM me for more information or to just connect and greet each other!