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13 June 2024 | 2 replies
Just like you would do with any non-family contractor working for you:- get them to complete Form W9 for you, as you will need their SSNs- have them provide receipts for materials/supplies and keep those receipts- have a written labor agreement (how much and for what) - pay for materials separately from labor- make all payments electronically rather than cash so you can trace them- pay out of your business account, not personal- issue them 1099s next year if you paid them $600 or more for labor (for the whole year, not per job): https://www.biggerpockets.com/forums/51/topics/1167632-expla...
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11 June 2024 | 7 replies
The BP community is an excellent resource for networking and learning from experienced investors.
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14 June 2024 | 12 replies
A very good local agent would be the starting point of the conversation for me personally.
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13 June 2024 | 1 reply
I am currently reviewing the numbers associated with a wraparound mortgage and I need some assistance in determining if they make sense.Can anyone please direct me to the appropriate person who would be able to help me analyze and verify these figures?
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14 June 2024 | 17 replies
I haven’t seen it personally but I imagine it’s some kind of “use us to sell or pay a penalty” clause.
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11 June 2024 | 1 reply
If you're expecting guests to visit and pay for the privilege, it's best if it's in a location that you personally would visit or an attractive destination. 3.
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13 June 2024 | 6 replies
Did you actually look at these properties in person?
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13 June 2024 | 7 replies
Come by REI Central some time if you want to meet other investors in person.
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13 June 2024 | 7 replies
It is extremely hard for the average person to afford a standard home, car, and investment property without any debt.
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13 June 2024 | 1 reply
can you visit them in person?