4 March 2018 | 6 replies
It takes money, usually lots of it (despite what gurus say) and can go very wrong if you overleverage yourself, to do well.Hopefully you found this informative and not critical, I’m not trying to be critical.
27 February 2018 | 4 replies
Brian you should make your way to the Syracuse monthly bigger pockets meet up Rob Sawyer usually sets them up.
27 February 2018 | 1 reply
Hi Brian,When we were getting started, we made it a habit of buying lunch for another investor, usually once each week.
2 March 2018 | 4 replies
They will usually lend you 70% of the After Repair Value on the property.
28 February 2018 | 8 replies
That means they have skin in the game and are less likely to be ignoring your calls come the 24th.I usually take a $200 booking deposit to hold the apt.
28 February 2018 | 3 replies
They’re heated on a hot surface, usually a nail, and then inhaled through a dab rig. " not legal...These are condo'd units, where we own several but there are other owners/tenants.
28 February 2018 | 6 replies
Definitely consult with your CPA about this as you may have specific situations that didn't come up in your post.Generally, there is an advantage to running businesses like property management or wholesaling through an LLC taxed as an S-Corp, as it can save you social security taxes (your CPA can run the numbers for you along with a more comprehensive tax plan).However, it's usually a bad idea to hold rental property in an S-Corp, so you probably wouldn't want these two revenue streams (rental and wholesaling) running through the same entity.Let me know if you have any questions!
1 March 2018 | 9 replies
Usually the rates are about 2-3% higher than the fed, but when you're a college student you've got to take what you can get.
1 March 2018 | 12 replies
But they'll usually ignore them.
1 March 2018 | 28 replies
Of coarse a Zillow estimate will never be as accurate as an appraisal however in my experience it is usually within 5%.