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28 December 2021 | 6 replies
If you own the properties personally or in a single member LLC, then you'll report them on Page 1 of Schedule E.
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1 January 2022 | 16 replies
@Ross Shively, I"m not going to be your favorite person.
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16 December 2021 | 6 replies
Location: Florence, SCShort Term Goals: - Purchase 1 SFH property by end of the month, convert to a multi family, rent out- Complete my business planPersonal Development: - listen to all BP Podcast episodes starting from Episode 1 (currently on Ep. 25)- listen to Rants & Gems podcast - re-read The Book on Flipping Houses and ABC’s of RE investing- read Estimating Rehab book and the E-Myth- utilize @tuckermerrihew resourcesBiggerPockets Goals:- get at least 3 responses on my first two posts- improve deal analysis accuracy on the BRRR calculator and Rehab estimatorglad to contribute to the community
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21 October 2021 | 1 reply
So, Here are My Top Tips for Fix n Flippers When it Comes to Rehab Below:- PLAN YOUR SCOPE OF WORK AND REHAB BUDGET WITH DETAIL- FORECAST PROJECTED BUDGET AS ACCURATE AS POSSIBLE- USE A REHAB BUDGET TEMPLATE PROVIDED BY THE LENDER RATHER THAN MAKING IT SO YOU DON'T FORGET ANYTHING- HAVE 25% OF YOUR REHAB BUDGET AVAILABLE IN LIQUID FUNDS - DRAW OR DESIGN SKETCHES OF BEFORE AND AFTER REHAB -- ASK YOUR LENDER FOR HELP IF YOU NEED :)- ASK YOUR LENDER IF THEY OPERATE ON A DRAW PROCESS OR NOT- ASK YOUR LENDER IF THEY CHARGE INTEREST ON UNDRAWN FUNDS- ALWAYS OVERESTIMATE YOUR REHAB BID -- EASIER TO GET REIMBURSED RATHER THAN ASKING FOR MOER FUNDS (KEEP IN MIND YOUR RESERVES THOUGH WITH A HIGHER REHAB AMNT)What are some of your best practices when it comes to working with a Lender as a Fix n Flipper?
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19 September 2022 | 12 replies
My favorites were with Steve Richards with Redevelop Indy - he still does zoom, but not sure if he does in person.
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16 October 2021 | 5 replies
Yorktown is my favorite close to Langley.
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23 October 2021 | 8 replies
I've been a property manager for 12 years and have 400 rentals, but I am still reading and networking all the time, trying to keep my skills sharp and stay ahead of the next crazy government regulation or nonsensical law or tenant trend.My favorite source to recommend is "Every Landlord's Legal Guide" by NOLO.
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15 October 2021 | 1 reply
BUT, I can show 7-figure liquidity with zero debt.