Sarah Rilling
What Questions To Ask When Joining A Mentorship Program?
24 January 2025 | 3 replies
Why ask: Knowing the mentor's expectations will help you prepare for what’s required in terms of effort, communication, and engagement in the program.Asking these questions will ensure you make an informed decision about whether the mentorship program is a good fit for you and your goals.
Chris Shon
Do I need a Real Estate Tax Accountant?
28 January 2025 | 20 replies
Which is very complex and costly and likely warrants professional help.Now, if it's just you and your spouse, then your 2024 tax preparation is likely relatively straightforward:- you will create a Schedule C on your personal tax return- you will NOT report any costs of purchasing the property or its rehab, not in 2024- you will report your business overhead expenses such as marketing, driving, technology etc- you will end up with a business schedule showing zero income and some expenses - not breaking the rules but potentially raising an audit flagCan you do it yourself?
Kiryl Ulanovich
Help me please to understand this
29 January 2025 | 2 replies
During the escrow/title process, you are finalizing loan documents, reviewing title documents (HOA disclosures if applicable, title reports, etc), obtaining homeowner's insurance, and preparing to wire your funds to title.
Byron Umana
Your First Airbnb: Do’s and Don’t
30 January 2025 | 13 replies
As soon as possible after receiving a booking, I personally call the Guest and thank them for booking with us, ask if they have any questions and ask if there is anything that we can do in advance to prepare for their stay.Guess I'm just old school.....But then again, 11 years and only 5 STAR reviews......
Melody R.
Thoughts about the virtual CPA firm The Real Estate CPA?
16 January 2025 | 18 replies
There were several mistakes made on my tax returns that I pointed out, which required going back and forth with their tax preparers, and asking repeatedly to cut to the chase and have a phone call.
Aaron Raffaelli
DSCR Loan for a first time REI
19 January 2025 | 18 replies
I know and am prepared to do all the overhead work necessary to find a property that will qualify, but I just want to know if it is possible in my situation.
Lucas Kirma
College Student -> Full Time (Brand New and Eager to Learn)
29 January 2025 | 10 replies
Prepare financially by saving for down payments, improving your credit score, and setting aside emergency reserves.
Henry Clark
Self Storage- Will they come? Market size?
1 February 2025 | 22 replies
Work in several towns and once and be prepared to make several options with one week time limits on them.