
3 September 2024 | 4 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

4 September 2024 | 7 replies
We in the BP community can help you figure out the financial choices if you choose to share your numbers but at the end of the day there's also an emotional cost to be considered with either choice and you have to decide that for yourself.You're welcome to respond here or message if you have any questions, I'm happy to help you take a look at numbers if you feel comfortable to help you break down your options of keeping vs selling so that you can make an informed decision

3 September 2024 | 0 replies
There are specific rules for 1031 exchanges including:The replacement property must be identified within 45 days of transferring the relinquished property.The replacement property must be received within 180 days after the transfer of the relinquished property or the due date of the taxpayer's tax return, whichever is earlier.Special rules apply for exchanges between related parties (defined in § 267(b) or 707(b)(1)).Real property located in the United States and real property located outside the United States are not considered property of like kind.Cost Segregation StudiesA Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

3 September 2024 | 6 replies
Hey @Shell Peterson I hope you are enjoying your Labor Day weekend!

4 September 2024 | 9 replies
That was a prime investing market, so your experience won't be the same today, but you can definitely improve your station in life within 5-10 years.

4 September 2024 | 8 replies
In fact, I admired what they did and wanted to learn how to do the same.

3 September 2024 | 6 replies
They must give me 30 days notice, pay rent through the day of termination, pay me one month termination fee, and allow me to market/show the home during their final 30 days.

4 September 2024 | 11 replies
@Lucas Gomez investors in California and Washington face the same question.You'd need to analyze the trends and get comfortable with the risks, but it's done all the time.

3 September 2024 | 15 replies
Most experienced investors can offer sight unseen with 0 day inspection period by knowing the year of the house, square footage and if there has been any repairs done recently to the property.

3 September 2024 | 7 replies
Well if you back the moving truck up the day you close you will have a tough time proving that you bought it with the intent of holding for investment use.