Make sure you’re comfortable with the risk if the new property doesn’t perform as expected or if interest rates rise.Capital gains: Selling the quad could trigger capital gains.

Managing turnover smoothly, finding reliable tradespeople, and setting competitive yet profitable rates are all part of the formula.If you want to compare neighborhood performance or rental estimates casually (no obligation!)

You can (and did) receive generic advice, but it is not enough if your goal is to be audit-proof.Things you may be missing:- before counting hours, you need to pass material participation for each of the activities (or group of activities)- there are two different groupings of activities, and you may need to combine both- targeting 750 hours is very unsafe, you need a significant cushion- driving hours have been treated by courts both ways, so you cannot rely on them to pass the test- a helpful informal way to look at hours: if someone else was performing the tasks that you want to count as REPS hours - would you pay them for these hours?

By definition all 44 contractor classifications have passed the state exam and adhere to the laws of the CSLB & Consumer affairs.Any handyman performing work over $1000 is in violation of Business & Professions code 7028.1Any handyman performing work over $1k is subject to forfeiture of the entire sum of "contracted" work B&P code 7031(b)All California home improvement contracts must be a quoted upfront price including labor, materials, warranty etc.

People focus WAY too much on how investments perform today.

I was presented with a property to purchase. It's a mix of retail and office with cap rate of 10%.this is the first time I deal with the agent that presented the property and I'm not sure if he is trying to help me or...

Quote from @Andrew Steffens: Hey BobI always advise my clients to budget $20/ft all in cost for a professionally designed and fully outfitted. 

Hello BiggerPockets community!
I must announce my first ever post on this platform!
Recently I acquired a flat and I intended to rent it, targeting this Mid-Term (until 1 year) Rentals Potential Tenants population.
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In our experience, the #1 mistake owners make is ASSUMING all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY.

I was advised that I could take the money from my STR and roll it tax free into an opportunity zone fund.