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5 July 2024 | 4 replies
Congrats on getting the mobile home fixed up and sold.
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4 July 2024 | 7 replies
This general log gives an overview of your activities, but it might not be detailed enough for IRS purposes.Example 2: Detailed LogMonday, 7/1/247 AM - 7:30 AM: Monitored security cameras1:30 PM - 2:15 PM: Responded to tenant question regarding parking3:00 PM - 3:30 PM: Monitored security cameras4 PM - 4:15 PM: Checked mail and delivered to tenants, as necessary7 PM - 7:30 PM: Monitored security cameras10:30 PM - 11 PM: Monitored security cameras7 AM - 11 PM: Remained on standby all day for tenant needs/emergenciesThis detailed log breaks down your activities into specific time slots, which can provide a more precise account of how your time was spent.Best Practices for Record-KeepingBe Specific: Break down your activities into smaller time intervals, as shown in the detailed log example.Use a Logbook or App: Consider using a time-tracking app or a dedicated logbook to keep daily records.Document Standby Time: Clearly note the hours you are on standby for emergencies, but also separate it from active tasks.Include All Activities: Document everything from advertising to maintenance and tenant interactions.Consulting with a Tax ProfessionalGiven the complexity of qualifying for REPS, it's always a good idea to consult with a tax professional.
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3 July 2024 | 36 replies
We have android phones and the mobile app works fine.
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3 July 2024 | 6 replies
The auto detailing businesses we have worked with either make you drop the vehicle at there place, or it's mobile (usually interior details).
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3 July 2024 | 5 replies
As I have always had an in house notary in my company.so the on line notary is new to me.. only thing i dont like is getting charged for it.. just like mobile notary I wont pay for those.. if the title company insist on it I push back ***** and whine and just tell them no way am I paying a mobile notary because its your requirement LOL.
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4 July 2024 | 8 replies
prior to purchasing the carwash I was part owner of a mobile auto detailing company that we operated out of a 2800sqft warehouse.
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10 July 2024 | 112 replies
there are numerous commercial RE options such as storage units, mobile home parks, industrial, office, NNN, etc.
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5 July 2024 | 10 replies
Check out this great thread by Chris Piper at https://www.biggerpockets.com/forums/12/topics/862964-wholesaling-101-how-to-wholesale-for-beginnersI posted a link to it on my own recent thread, which you might also find useful, it has links to some of the resources I have checked recently https://www.biggerpockets.com/forums/93/topics/1197244-how-to-do-wholesaling-right-in-maryland-east-coast-and-nationwidePiper's thread is where I started my research and am very grateful to this person for dedicating his time to share so much of a valuable information.
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2 July 2024 | 15 replies
I can't decide between exploring a 203K loan or getting into flipping mobile homes.
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4 July 2024 | 18 replies
STR in those areas do well year round because of fall colors and ski resorts and snow mobiling if they are on a lake, but on the flip side you are paying significant more because they serve dual purpose.