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5 February 2025 | 5 replies
Not sure if they have upgraded to desktop appraisals but if they are still doing in person appraisals , make sure you get everything (scope of work, good faith deposit, social, LLC docs, insurance, proof of prior experience, financial statements) in ASAP.
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3 February 2025 | 47 replies
I am betting your gonna find a lot more friendly amicable persons than shut doors.
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15 February 2025 | 15 replies
I think of it like an employee or personal assistant.
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19 January 2025 | 18 replies
If you want to think about it as a math problem, it’s all about where you put your time to maximize returns while also factoring in what you enjoy doing.Picking the MarketI’m the kind of person who gets analysis paralysis.
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4 February 2025 | 18 replies
Don't talk yourself into a place because of personal use.Buying a $475k condo that brings in 35k in gross rental income will lose a lot of money.
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5 February 2025 | 6 replies
In person is better than over the phone if possible, as I have been told by annoyed or lazy clerks "NO STR allowed" as that was the easy button to get me off the phone, or if they are anti STR.
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11 February 2025 | 6 replies
Less commonly, I’ve seen investors prioritize the 70% rule when evaluating deals.With so many different benchmarks out there, I’m curious—what metrics do you personally prioritize when analyzing deals?
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31 January 2025 | 11 replies
You must report rental income on Schedule E and can deduct rental expenses like repairs, maintenance, property taxes, mortgage interest (allocated between personal and rental use), and depreciation for the rented portion.
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24 February 2025 | 49 replies
I flew in town, ended up setting it up - they finally hired a task rabbit person, as their team would just deliver a box and leave.
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31 January 2025 | 9 replies
None of this has anything to do with your personal tax return.