29 July 2017 | 2 replies
If the property can be improved enough, it just comes off the top end - IE instead of clearing 20k lets say you might clear 15k because of 5k in additional bank costs.
17 September 2017 | 45 replies
If I could buy the house I would drastically improve its value and this would help the neighbors current situation as well.
9 January 2018 | 41 replies
Sounds like you need to sell one of them so you can afford to maintain and improve the other 2.
27 October 2016 | 14 replies
We buy fixers to owner occupy and improve them over 2 years so that we have the tax free capital gains when we PCS.
23 January 2018 | 26 replies
Wholesalers tend to get a bad reputation but some have truly helped countless homeowners improve their situations. 4.
21 February 2022 | 22 replies
Every year i have done a major improvement to the home.The home was acquired by FTE at some point and all communications from vpm stopped.
15 December 2022 | 9 replies
Rates not likely to improve but prices are already starting to soften.
16 December 2022 | 3 replies
Meet People with Experiences Similar to Your Own: There are many organizations (both free and paid) out there that you can join such as BiggerPockets forums, local real estate meetup groups, The Entrepreneur's Organization, your local AICPA group, etc. that gives you a place to receive advice, guidance, problems and ideas.Utilize the R&D Tax Credit: Your business could receive a 10-20% refund for employee labor that’s associated with improving a product or process.Utilize Employee Retention Tax Credits: If your employees that worked for your business during the pandemic are retained through the end of 2021, your business could receive up to $9,000 each quarter that your employees were retained.Own Your Own Office: This would allow you to have multiple tax deductions, utilize depreciation, take advantage of appreciation of the property, as well as allow your company to rent out any unused space to help pay the mortgage.Take Advantage of Energy Efficient Tax Credits: There are many opportunities to take advantage of these credits such as updating the HVAC system, installing energy efficient lighting, etc.Perform a Cost Segregation Study on Your Property: This would allow your business to immediately write off the personal property within the building.Utilize Work Opportunity Tax Credits: If you hire employees from groups that typically face a barrier when it comes to employment such as people with physical or mental disabilities, veterans, etc. your small business could receive a tax credit while also helping the underserved.Use the SCORE program: This program is free and connects you with resources, and mentors and specifically focuses on helping small business owners excel.
2 June 2017 | 1 reply
When I bought the property I was planning on holding some cash back to do improvements however I ended up needing to add those funds to the down payment to avoid a "jumbo loan" at a higher rate.
10 August 2017 | 19 replies
HOWEVER, I would take an hour to figure out market rates, condition to know approximate expense ratio, know what to plan on capital expenditures, and know what as improved rental rates and expenses associated with that would be.