Jimmy Hovey
Professional Remodeler Looking To Learn About Private Investors For Flips, Slow Flips
4 April 2024 | 4 replies
In 2023, I started a part-time remodeling service business to supplement the income in my consulting practice.
Noah Condon
1031 Exchange for Flipping
4 April 2024 | 5 replies
If you're not careful, you can have your entire gain converted into non-exchangeable ordinary income.
Alex Na
First flip, occupying first
3 April 2024 | 5 replies
This way the tenant rent could pay for part of the renovations as well or the tenant could just reduce your mortgage payment so you gain wealth quicker to keep purchasing properties.
Joshua Randall
To Contract or Not to Contract
3 April 2024 | 4 replies
Self performing can reduce your costs which may help your initiative but you have to weigh the time that goes into the rehab against lost production at your W2 job.
Nico Cruz
New Investor in Florida
5 April 2024 | 13 replies
There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.
Kellie Powell
software for tracking expenses of a rehab
4 April 2024 | 5 replies
Digitize physical receipts for easy storage.Additionally, youcan track income and expenses consistently, using software or spreadsheets.I use QuickBooks Online for most of my clients.
Charles Perkins
Cash flow long term
4 April 2024 | 0 replies
Property has a nice view in a middle income suburban area.
Arnie Guida
Do You Drive By Every Day?
4 April 2024 | 27 replies
Most of my SFR are excellent tenants with solid income and nice neighborhoods.
Ian Rysdale
Financing for a 2nd rental property
4 April 2024 | 6 replies
Here's scenario:In my early 50's married with 2 kids, good income, live in San Diego, CA.
April Birdsong
LLC for Business and LLC for Property Protection Question
5 April 2024 | 13 replies
For tax purposes its a passthrough entity, but it makes it a lot cleaner to do tax strategies around maximizing expenses to lower taxable income.