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13 May 2021 | 2 replies
Most mentors are good for getting people energized - Good mentors work with you step by step to get a house or two and teach you how to move along on your own - Great mentors teach how to buy and manage the properties, set up "systems & methods", along with providing other high level contacts, tax planning, asset protection & generational wealth, strategies for changing markets, and changes in the law.
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15 May 2021 | 24 replies
They will also be able to help you tell a good deal from a bad one and can help you learn how to estimate your repair costs, marketing costs, estimated time on market etc.Your experience level will go a long way in determining how things go.
15 May 2021 | 6 replies
(With sort of the Penthouse level in 700 7th being an exception there because of the dramatic vaulted ceilings and views).
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14 May 2021 | 5 replies
I want to pursue building a fairly basic mountain/cabin style house on a full basement with (hypothetically) 2 beds 2 baths on the main level and 2 beds 1.5 baths on the basement level.
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21 May 2021 | 28 replies
This means something needs to give so outsourcing lower level activities like management is a good option.What is your hourly value you calculate for yourself?
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4 January 2022 | 21 replies
I'd be lying if I said my stress level was low over the past couple of months, LOL.
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19 May 2021 | 18 replies
That well below market, but it’s rough, like not level floors and big rough logs for walls.
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22 May 2021 | 9 replies
With that said - you likely want to plan with your CPA.If you filed your 2020 tax return already, give that tax return to the CPA that you work with so he/she can be familiar with your tax situation further(what income level you are at, what types of income you have, potential strategies if you or your spouse are more readily available to claim Real Estate Professional Status, etc).Good luck in your search
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14 May 2021 | 3 replies
Fannie Mae generally requires lenders to obtain a two-year history of the borrower’s prior earnings as a means of demonstrating the likelihood that the income will continue to be received.However, a person who has a shorter history of self-employment — 12 to 24 months — may be considered, as long as the borrower’s most recent signed federal income tax returns reflect the receipt of such income as the same (or greater) level in a field that provides the same products or services as the current business or in an occupation in which he or she had similar responsibilities to those undertaken in connection with the current business.
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14 May 2021 | 3 replies
If he is still being stubborn, contact him again- either every two weeks or every month following this initial contact, depending on your level of comfort. one of three things will happen in this time period:1).