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20 August 2024 | 8 replies
Just let that engine continue to work.
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24 August 2024 | 6 replies
The law requires you to give notice; it does not require you to get permission.When I give notice, I tell the tenant that I (or the contractor) will enter the home on [DATE] at [TIME] and will be there for approximately [# of HOURS] to complete the work.
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21 August 2024 | 18 replies
If you’re working with a tax professional ask them to do a tax projection for you with one scenario assuming you sell all 5 today and the other assuming you only sold 2 today.With the tax projection you’ll now have a good estimate of what your tax situation will look like and can make decision based on that.Maybe you can consider selling your portfolio and doing an installment sale, this won’t help on the depreciation recapture but it would help spread the gain over multiple years.Each strategy has pros and cons, if you want to rip the bandaid off an be done cold turkey (or warm turkey if you’re into that) there most likely will be a large tax hit but less headache holding them longer.
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20 August 2024 | 81 replies
So ok, how much LESS in loan is needed to make DSCR work?
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25 August 2024 | 4 replies
I'd suggest you start asking other investors in your market for general contractor referrals- people who do quality and reasonable work on rental properties in your market.
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19 August 2024 | 9 replies
Anyone that is brazen enough to show off how great of a life they are living on instagram, while using that life to attract investors, I am hugely skeptical of.
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19 August 2024 | 3 replies
Lessons:- Life is a ongoing journey.
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17 August 2024 | 10 replies
If the software is not simplifying your life or making you more accurate, you shouldn't use it.
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20 August 2024 | 2 replies
In my experience these are the levels of how financial fraud is doneLevel 1 - The “sponsor” is a fraudster from the beginning and the entire investment is a designed fraud designed to steal the investor's money Level 2 - The sponsor initially intends to operate legally and honestly but the temptation of easy access to money, usually fueled by addictions to drugs, sex, partying, etc. leads to the bad decision to line the sponsors own pocketsLevel 3 - The sponsor intends to operate legally but a crisis in their life resulting in a need for money leads the sponsor to “borrow” from investor’s funds with the full intention of paying it back ( which they are unable to do).Level 4 - The sponsor intends to operate legally but the assets under their management incur substantial loses; the sponsor attempts to cover up these loses by “temporarily” borrowing from one investor to pay another or submitting false results.
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20 August 2024 | 8 replies
Show people what the investment looks like over the life cycle otherwise people simply don't have enough information to go off of.