Jasmine Russell
How to vet investors?
7 November 2021 | 12 replies
@Jasmine RussellPersonally as someone who gets vetted by investors as I partner on every deal- I always give my LLC names, portfolio website as well as active/off market listings and go through what I’ve done Anything they’re offering you’re going to want to vetIf theyre a deal -maker (gets it under contract and executes with private partners) then you want to know how they go about their process and show p&s etc they’ve signed Public tax records are a wealth of info tooHope this helps!
Frank Mancuso
Views on Turnkey Properties in the current market
11 November 2021 | 18 replies
In some locations, the seller must provide detailed disclosures on the condition of the property.A written statement from the property manager with specifics on the time and cost to evict a non-paying tenant.If you obtain all the above, buying turnkey or direct becomes a simple time vs. return decision.
Frank Mancuso
Investing in Florida - Hollywood/Fort Lauderdale
31 October 2021 | 0 replies
Hi BP, I have been looking into purchasing an investment property in the Hollywood/Fort Lauderdale, FL area.Ideally looking for a small multi-fam which I can house hack, but also open to SFR’s as well, my main focus is on obtaining a property that produces a positive cash flow.Any general advice from those who have/are invested in the area?
Wendy Vaidic
What Triggers Self-Employment Tax on Short-Term Rentals
2 November 2021 | 5 replies
If you just decorate for the holidays for guests, then no.IRS publication 527 should answer all your questions - https://www.irs.gov/publicatio...This is how I understand things, but I would work with a CPA on all this.
Kian Tajadod
Private company is saying my property is vacant and trespassing
2 November 2021 | 15 replies
The very worst that can happen is someone forges your signature on a deed and records it in the public records.
Suzane Ivas
Quadplex builder in TampaBay
2 November 2021 | 3 replies
Try pulling public records and filtering by project size
Frank Mancuso
Investing in Pennsylvania - Lehigh Valley
2 November 2021 | 22 replies
.), but feel I’m a little late to the game since it seems that everyone in the Tri-State area swarmed there starting last year.Ideally looking for a small multi-fam which I can house hack, but also open to SFR’s as well, my main focus is on obtaining a property that produces a positive cash flow.Was hoping if anyone could provide some insight into how this market is currently faringOr Any general advice from those who have/are invested in the areaOr Any recommendations for specific nearby neighborhoods to research deeper within my price range (approx. 250-300K)Thank you all!
Nate Marshall
Build to Rent: An effective strategy.
13 November 2021 | 2 replies
Especially in affluent, resort communities.Workforce housing is best solved by the private sector not the public and taxpayer.
Logan Clark
When do I line up Transactional Funding?
3 November 2021 | 6 replies
If you bring buyer and seller together for a fee, publicly market a property you do not own, or any number of tasks which states require a RE sales license for, you are breaking the law.
Kristopher Kelly
Tax question for out of state property.
27 December 2021 | 4 replies
Or can you obtain tax benefits without an LLC?