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5 November 2024 | 5 replies
I don't have to visit my properties much because I have a team in place for each thing, systems in place to make most tasks automated (cleaning scheduling, guest communications, etc.), and emergency systems in place for when an emergency occurs.
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6 November 2024 | 1 reply
The township may eventually update its records based on this data, but it’s not an automatic or instant notification system.4.
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9 November 2024 | 44 replies
However, they no longer have the property in their system due to release of mortgage.Any options when the bank owns the property?
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6 November 2024 | 10 replies
Investors thought they could extend their debt, but that doesn't appear to be the case with what has happened to rates.This cycle would have been a disaster if our banking system was in the same situation as 08.
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4 November 2024 | 1 reply
Has anyone used or know of a similar system for multi-member LLC's?
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9 November 2024 | 17 replies
Better to keep it in the tax advantaged system as its pretty hard to get the money in there in the first place.
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6 November 2024 | 0 replies
The #1 way real estate investors defer taxes to later dates is with a system called depreciation and bonus depreciation.Depreciation is the act of slowly, over time, deducting the initial expense of an asset against your taxable income.Generally over a 27.5 (residential) or 39 (commercial) yr time frame.So each year you can write off a few percent of the purchase price against your income.
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2 November 2024 | 0 replies
Growing massively!
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6 November 2024 | 4 replies
Instead, focus on improving your skillset, helping more clients at a high level and implementing systems in your business.
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5 November 2024 | 6 replies
Once you're ready for the next purchase, you will have more experience, systems, and the confidence to tackle a bigger project.