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29 August 2024 | 13 replies
I interviewed a few financial planners with different models and the fee only was the only way they get paid without me spending money (in trades, buying insurance policies, etc.).Talk to @Michael Izbotsky.
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29 August 2024 | 5 replies
The GC license in now way shape or form guarantees that:1) They know about the trades they are hiring for2) They know how to manage, organize, delegate during the job3) That they will be at your house making sure things get done rightI only work now with people who hold GC licenses, they are insured, AND they need to know the trades and actually be working next to the guys in the house.
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29 August 2024 | 3 replies
I'm not bold enough to buy real estate at negative leverage - few deals in my area (and I presume, Manhattan), are trading at "Cap Rates" greater than 7%.
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30 August 2024 | 6 replies
It’s a trade-off between saving on interest with the hard money loan and the additional closing costs.
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27 August 2024 | 5 replies
I am a contractor by trade and understand the costs/processes to build, but I am lacking in how to determine a proper sale price with little data.
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27 August 2024 | 7 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.There are over 20 real estate accountants on this site.
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28 August 2024 | 11 replies
Arranging schedule of various trades and balancing the good ones with the ones that are available.Permitting and inspection issues (should be a non-issue, but last house we had a new inspector that seemed like he had something to prove and nitpicked what I view as non-issues).Market swings impacting ARVs, or in the current market: are we going into a recession before the house can be completed?
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27 August 2024 | 4 replies
There is a high demand for high paying trade work, often with scholarships and two year degrees.
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30 August 2024 | 29 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.There are over 20 real estate accountants on this site.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2584832/small_1668904715-avatar-tomokoh1.jpg?twic=v1/output=image&v=2)
28 August 2024 | 22 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.