Jesse Turner
What PMS Integrations Do You Use?
12 July 2024 | 7 replies
They typically have a free two week trial, I would test drive a couple and see which one fits the best for you.
Stuart Udis
Attention New Investors - Asset Protection Simplified
15 July 2024 | 26 replies
Each state has different standards/factor tests that are utilized but to answer @Karolina Powell's question if you consistently avoid these bad actions expect to be ok. 1.
Collin Brown
Capital Gains on primary residence with separate deeded lot
11 July 2024 | 2 replies
.• Both sales either meet the Eligibility Test or qualify forpartial tax benefits, as described earlier.Also, if your sale of vacant land meets all these requirements, you must treat that sale and the sale of your homeas a single transaction for tax purposes
Henry Lazerow
The new NAR rules have actually made buyer agent commissions go up not down
19 July 2024 | 100 replies
I've just seen too many unrepped buyers who think they're getting a discount by going directly to the listing agent, but they usually actually leave money on the table or screw up in one way or another without even realizing it (negotiating poorly/ not negotiating at all when they should, paying fees the seller typically pays, missing deadlines, misinterpreting inspection reports, not getting a sewer scope or radon or other things like a meth test or structural report or consulting a lawyer when appropriate, selecting most recent mill levy instead of prorated taxes for last calendar year when taxes went up 30% since last year are just a few examples I've seen personally).
Alexander Blake Summers
Location Analysis Method
15 July 2024 | 23 replies
For Waldport it seems to correlate with my own experience and eyeball test.
Yannick Vez
Hi new hands-off investor
11 July 2024 | 6 replies
And even though virtually every sponsor agreement allows me to share investment information with others who might be advising me on it (especially when club members are bound by an NDA), I still ask the sponsor if I can share it, because it's a test.
Chi Zhang
Material participation while managing renovations at a remote property
10 July 2024 | 11 replies
There maybe some misunderstanding, being a short term rental property owner that will be self managing the daily operations, I’ve learned that in this scenario I would need to count at least some of the time spent setting up the property to pass one of the material participation tests.
Jesse Santos
Prospect tenant wants to negotiate security deposit of 1.5
12 July 2024 | 17 replies
Being flexible on day 1 tells the tenant that you are up for being flexible and many will continue to test that flexibility in many other ways...bad idea.
David Neubauer
Advice for strategy as a first time home buyer & investor
11 July 2024 | 6 replies
FHA is 3.5% down but anything over a 2 unit requires a cash flow test, with rates where they are I hardly ever see anything in Chicago that would work.
Michael Elefante
The Fast Path To Financial Freedom -How We Did It In 1 YR w/ STRs
12 July 2024 | 155 replies
Be sure to have good exit strategy for if/when that happens.A wise mentor told me once that until you've "Battle tested" a strategy for at least 5 years thru one full economic cycle, consider it still all good luck.