Ashley Clark
Boomtown! as your CRM of choice for Investing?
Hey everyone, I'm super new to the REI world, I'm a licensed RE Broker though and am now trying to make the transition. I've used Boomtown for my RE business but now need to decide if implementing my Investment busine...
Eddie Werner
First Property Check List
I am looking to purchase a 50-60k apartment near my home. Pending I find the right one where the numbers add up and I can make a small profit, is there anything I am missing from the below check list?
1. Research p...
Wes Marden
A few(9) rehab questions
We should find out Monday if HUD accepted our bid on the cat pee house. The cat pee is mainly in the living room, though I know cats were at times locked in other rooms by the doors we will have to replace. So I hav...
Eric Johnson
Rehab Question - Allocation of Funds
Greetings BP members,I'm looking to purchase a property and rehab it to flip. My question, is there a rule of thumb about how the funds should be paid out to the contractor? For example, if a contractor gave me a qu...
Marc Shin
How to prove that an activity performed was "material participation" in real estate
Hello. I'm going to keep track of my real estate activities in management of an STR, and will track the activities using an activity log. My question is - how do I prove in the time log that I performed a particular ...
Andre Bias
How Calculating rehab
How do I calculate rehab cost and labor when walking though a property
Bruce D. Kowal
Material Participation - what constitutes good recordkeeping?
IRS will challenge the 750-hour requirement under §469(c)(7)(B)(ii). The Temp Regs set forth the requirements to establish hours of participation §1.469-5T(f)(4): "The extent of an individual's participation in an ...
Dana Miller
Advice on How to Become a Property Manager in Los Angeles, CA
I want to move to LA - but instead of blowing my whole paycheck on a closet-sized room, I thought of working a deal as someone's property manager to work to pay for my rent. To be honest - not entirely sure how it'll ...
Kyle McCorkel
How to track hours as a RE professional
So this is the first year that I think I might have a shot at reaching the coveted "RE professional" tax status. My accountant advised me to start tracking my hours, both in my "real job" and in my RE business in 201...
Account Closed
Virtual Assistant Guides
Hello,To those who have experience using virtual assistance, how detailed is the instruction you provide? I was planning on composing a detailed step by step instruction and supplement it with a video demonstration. ...