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5 July 2024 | 11 replies
I have a Facebook page for business where I show the projects that we are doing.
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4 July 2024 | 1 reply
For cash flow in the area STR's are a great strategy that my business partner and I have found to cash flow well.
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6 July 2024 | 22 replies
@Samantha Soto We have done this before but honestly I would run your business now as if you would run it with 20 properties.
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3 July 2024 | 9 replies
To date I've been able to account for smaller expenses by tying them to a specific property if for example I'd purchased an inexpensive hand tool for a specific project on that property but I don't think that would be the proper way to account for more expensive tools that I bought for the overall business like a new lawn mower or something.
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2 July 2024 | 13 replies
Daniel, like others have said, many use Quickbooks that can be tailored to fit the rehab business.
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4 July 2024 | 3 replies
I agree that 15% cash on cash returns seems ambitious, but I guess it depends on what their pricing and financing strategies are.
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4 July 2024 | 5 replies
The fact of the matter is that banks do not want to be in the property management business.
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5 July 2024 | 11 replies
Your journey is two part - accumulate more wealth, and then how you are going to move it onto your kids - both have substantial tax planning opportunities.Given you mentioned your primary motivation is taxes, a HUGE caveat you should keep in mind is that no matter what real estate investment you make, first and foremost it should make good business sense.
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5 July 2024 | 1 reply
At the auction I was able to talk to a couple other wholesalers and ask some questions and get some business cards and After the auction her and her husband invited me to lunch and I was able to sit down and talk with them and build a really good connection.
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5 July 2024 | 12 replies
@Aaron DavisI'm sure you know your business better than we do, but the question is why is there only 3 of the 8 units currently occupied?