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29 January 2025 | 5 replies
Here’s my honest advise; consider studying for and obtaining your real estate sales license, and obtain a part time position with a real estate agency that will provide training, guidance, and oversight.
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14 January 2025 | 4 replies
Another option is joining real estate groups on Facebook or LinkedIn.
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4 February 2025 | 0 replies
Off-market deals give you control over pricing, terms, and creative financing options.
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20 February 2025 | 32 replies
If you're looking for the all-in-one I'd go with a PM software (others have suggested some) and do what you can with it.Then, as you grow further, look at more sophisticated/expensive options.
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18 February 2025 | 9 replies
However, you can reduce tax liability by:Converting the flip into a rental for at least a year, allowing for depreciation and potential 1031 exchange benefits when selling.Offsetting gains with deductions, such as accelerating business expenses or using cost segregation for rentals.Using an S-Corp for future flips to lower self-employment taxes while keeping rentals in an LLC for liability protection.Deferring deductions to 2025 if your 2024 taxable income is high.While a 1031 exchange isn’t an option for flips, strategic tax planning can help minimize taxes.This post does not create a CPA-Client relationship.
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4 February 2025 | 0 replies
So a loss of about 55k We did a lease to own option so I could immediately take over expenses but keep their primary resident loan and interest rate.We agreed to a deal which would cover all their expenses at closing, their remaining loan balance, and $45,000.
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20 February 2025 | 3 replies
After you’ve found a few options, review them with your agent.
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14 February 2025 | 8 replies
If you have questions or want to discuss financing options down the line, feel free to reach out.
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24 January 2025 | 2 replies
@Melissa Sejour The search function shows many have used itReviews are positive examplehttps://www.biggerpockets.com/forums/49/topics/310282-busine...
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29 January 2025 | 3 replies
You might have other options to explore to drum up liquidity (HELOC, Margin Loan, Policy Loan, etc) that can supplement your HYSA in the DP.