Jonathan Small
How to account income from multiple properties on a single 1099
17 April 2024 | 6 replies
@Jonathan Small your PMC should give you an Annual Owner Statement with a breakdown of income & expenses for each property.Give this, the 1099-Misc they sent you and add any property taxes or insurance you paid and bank 1098's to your CPA.
Preetinder Singh
KW vs Coldwell Banker
17 April 2024 | 15 replies
@Evan GreyErrors & and Omission insurance.
Wendy Black
Need Advice- Too Expensive Bathroom Repairs
17 April 2024 | 16 replies
While this isn't a long-term solution, it could buy you time to arrange finances for a complete fix.Insurance Claim: If the issue with the tub is due to improper installation, it's worth checking if this is something that your homeowner’s insurance or a builder's warranty (if still valid) might cover.Partial Renovation: Instead of a full demolition and remodel, consider if there's a way to repair the tub area without a complete overhaul.
Jeremy Anan
Seeking Advice on Structuring Seller Financing
17 April 2024 | 8 replies
Strategies for structuring seller financing deals in multifamily real estate.2.
Rick Via
Phil Grove Real Estate Guru
17 April 2024 | 34 replies
No other advanced marketing strategies are really taught through this program.
Casey Nelson
Private lending question/ funding advice
17 April 2024 | 6 replies
Hey Casey, Sounds like you have funding for the initial purchase, however need help with the exit strategy and possibly the rehab costs.
Jessica Perez Velazquez
Should I sell my first home or rent it?
16 April 2024 | 12 replies
I live in Spring TXfor reference my mortgage, taxes, and insurance are $1840 each month, $385 per year in HOA fees
Javis Ray
Is getting both licenses a "No Brainer?"
17 April 2024 | 13 replies
I don't think it is a good idea any more than you should also get your insurance broker's license, your title insurance license, your contractors license, roofer's license, and while you're at it HVAC certification, Electrical and Plumbing Master licenses.Some people do both, but I think for the majority of people there is enough to keep up with on either business that if you try to do both you do neither the justice it deserves.
Grant Gibson
Popular and well respected multi-family syndication groups?
17 April 2024 | 22 replies
Here's how I do my due diligence:1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where you think we are in the real estate cycles (financial and physical market cycles)b) Then only then pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.
Nate Mur
Rent land for camping
16 April 2024 | 1 reply
These platforms allow you to list your camping sites and manage bookings, providing exposure to potential campers.Liability and Insurance: Before proceeding, consult with a local attorney or insurance agent to understand your liability exposure and ensure you have adequate insurance coverage.