10 October 2017 | 4 replies
As @Steven Hamilton II points out - if you got insurance money, it was reimbursed - and therefore can't be claimed as a casualty loss deduction.If your casualty happened in a federally declared disaster area you can apply the casualty loss to the previous year's tax return (by filing an amended return) and it might get some money in your hands sooner. https://www.irs.gov/pub/irs-pdf/p547.pdfThe situation is continuing to unfold, so unless you were desperate, I'd wait.
11 October 2017 | 10 replies
You would use hard money when you want to do a double close (that is not simultaneous) so that the investor doesn't know how much you're making on the wholesale.Other than that, I don't know why you'd want to bring in a HML.Transactional funding is usually a bit cheaper than standard hard money rates.
13 October 2017 | 5 replies
It's also good to add more than one way for them to contact you - telephone number is standard, an additional email or landing page of a website is even better.
16 October 2017 | 5 replies
A mortgage is then filed against the property to secure their investment.
13 November 2017 | 3 replies
The township seems to be "on board" with adding that 3rd residential unit, but the project needs a significant amount of capital (exterior work) to get the building up to acceptable standards.
7 June 2018 | 6 replies
Keep it simple and keep things standard, rent is always due on the 1st.
14 August 2018 | 8 replies
If you’re like me it’s late after the 5th and 3 day notices go out on the same day and evictions are filed each day of the same month if needed to.Typically they pay the first full month up front, then on the second month they pay the prorated month from when they moved in
21 October 2018 | 100 replies
I log the books read etc. with an excel file and keep count.Most brokerages figure new agents will make a few sales the first year before going out.
5 June 2018 | 4 replies
Do youhave a checklist of the standard things you do that you could share?
4 June 2018 | 6 replies
I've read as many articles as I can about it and it seems like this is more standard when it comes to Wholesaling.