Richard Benjamin Wilhite
How to Find "Cost" Basis for Inherited Land prior to 1031 Exchange?
14 January 2025 | 1 reply
@Richard Benjamin WilhiteSince you inherited the land, I believe your cost basis is typically the land's fair market value at the time of inheritance.
Nate Pucel
How do you determine depreciation basis on a renovated rental?
3 January 2025 | 5 replies
Basis is what you paid for capex.
Dan N.
Can a Wyoming LLC own an investment property in ANY state?
9 January 2025 | 18 replies
I really like LLCs compared to corporations because of the free stepped up basis for passing property to my children.
Marembo Alexandre
New Year Goals - A little nervous
31 December 2024 | 2 replies
You need to know how to analyze property and then systematically evaluate property on a daily or weekly basis to stay on top of the market.
Bobby Short
Costa Rica 2nd property Mortgage
11 January 2025 | 12 replies
That kind of errand is not the sort of thing they are paid to do and our liaison wasn't able to devote enough time to the problem on a daily basis to make it happen which I completely understood but it was still frustrating.
Anca R.
Is a 1031 Exchange allowed in this case, and if so, is it worth the hassle?
11 January 2025 | 18 replies
Whether it still makes sense will depend on how much you can defer vs. the basis.
Rene Hosman
How do you keep yourself accountable to your goals?
13 January 2025 | 5 replies
For another business I run I do post daily accountability in a FB/mentorship group and that does help me stay on track.
Phillip Austin
Should I fire one of my owners?
3 January 2025 | 8 replies
Had a newbie client that bought 5 SFR rentals and called us 3-5 times daily.
Bruce D. Kowal
The Side-Hustle Timeline: How to Build Your RE Business While Working 9-5
14 January 2025 | 0 replies
Assuming:40 hours: W2 job56 hours: Sleep21 hours: Basic daily tasks= 51 hours potential REI time💡 Pro Tip: It's not about finding time; it's about allocating the time you have strategically.🎯 Your 6-Month Timeline:Month 1: Foundation (5-7 hours/week)Morning routine: 1 hour daily market researchEvening routine: Deal analysis practiceWeekend: BP forums & networkingKey Goal: Analyze 10 deals on paperMonth 2: Education (8-10 hours/week)Complete 1 RE courseJoin 2 local REI groupsSchedule lunch breaks with agentsKey Goal: Build your initial power team listMonth 3: Systems (10-12 hours/week)Set up deal tracking systemCreate document templatesEstablish banking relationshipsKey Goal: Ready to make offersMonth 4: Lead Generation (12-15 hours/week)Drive neighborhoods after workWeekend open housesSetup automated MLS alertsKey Goal: Generate first 5 qualified leadsNow, the Owners and Brokers you deal with may not enjoy this, but you can certainly "practice" making offers.
Gamal Harding
Property Management is Much More than Collecting Rent…
23 December 2024 | 9 replies
However, we still get beat up on a daily basis over our fees.I left one of the largest PM companies, who had those exact fees, and started my own business with the sole intention of eliminating all of those fees.