Just finished writing out our business plan. Please take a look and let me know what you think. Missing anything? Any suggestions? This plan will be sent to prospective Equity Partners within the next week, any input...
I need a little advice here. I have a long term tenant who I inherited when I purchased the property he has always called us whenever there was an issue (A/C not working, Broken window, toilet not working etc) Well la...
My first rehab is set to close in less than 3 weeks.. I rehabbed the house and all repairs and costs were done in 2012. My question is for my taxes, do I need to do anything with my remodel receipts or anything for 20...
Hello all, I was wondering if it’s ok to buy a property on a land contract if the seller still owes on a mortgage? How do you protect yourself in the event the seller defaults on their mortgage? This particular proper...
I need to write off about 40,000 in real estate sales income. Does anyone have any tips for larger write-offs that I can take advantage of before the end of the year? I took the entire cost of a new truck last year an...
Has anyone started utilized AI & ChatGPT into their business? I'm curious to know...- What you're using it for (Marketing, Ad Listings, Email Campaigns, etc..)- How it's going for you- Learning Curve- Time savings...
We have a commercial spot under contract that has a 3/1 house as well as some storage potential and a small commercial unit. In talking with the bank we are getting in house financing at 5.4% amort 30 years. My questi...
We all know retail prices are high, what criteria are you using when writing and presenting offers on single family homes? Currently I'm finding the number that will cash flow $1 after mortgage and variable expenses a...
Hi,I have 5 flip-to-rent properties, and i have a day job as well ... I just refinanced a property and my loan officer said I have a "high debt to income ratio of 48" What does that mean? How do I get this down? I am ...
As i have been told in any business, its always better to use someone elses money to invest even if you have your own. I recently bought my first property, and it has a positive cash flow. I'm looking at buying my ...