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24 April 2019 | 80 replies
I understand there are no shortcuts in this game, besides having a giant network of people who are very successful already.
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30 January 2022 | 14 replies
If you give them advice and you are wrong and they get a giant tax bill they will likely be very upset at a minimum and possibly file a lawsuit if the loss is big enough.However, having said that and giving the obligatory warning that I am neither a CPA nor attorney I will say that my *personal* understanding is that if it is an installment sale and it was NOT their primary residence, i.e. it was a rental property they will likely have to pay recaptured depreciation (all of it) for the tax year of the sale.
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26 April 2018 | 8 replies
The perseverance and creativity of Damon to find more reasonable directions to push the deal forward in situations that would essentially end the deal were the most notable strengths I have ever seen in anyone and was a major inspiration.
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3 January 2023 | 31 replies
Whatever the case, if you are not able to charge a high enough rent to cash flow then like any other property, its a bad investment.
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5 May 2023 | 9 replies
If she is not able to pass a dementia test of sorts she cannot sign.
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21 September 2021 | 16 replies
If someone is being abusive in their tone, tell them you are not able to have a conversation with them until they are calm and respectful.
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15 January 2023 | 22 replies
Both of the residents had mental challenges, and, there was a very odd, but strong odor notable from outside the house.
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21 April 2018 | 18 replies
I rarely have one now but I will tell you when it happens and there are millions of things that can start one you are not able to just say stop or run away therein lies the terror.
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4 January 2017 | 6 replies
Although someday we may be able to try out the BRRR strategy ourselves, at this time we are not able to spend the time on rehab.
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6 May 2016 | 7 replies
You don't just have to do bare minimum stuff to get it up to code using renovation financing, you can put in hardwood floors, new windows, etc.They will not let you add silly things that wont add value (giant unicorn statue in the front yard, etc), but if it's something a reasonably intelligent landlord would want to put in, it'll probably be ok to include it in the reno because things that increase rent tend to also be things that increase value.