It’s tax time … Have you borrowed money? Have slow private money? When lending and borrowing, do you mail and / or receive forms 1098 or 1099? Do you know how to use them? At a recent Triad Mastermind meeting, there were questions about who gets 1099 income and 1098 returns. We asked our CPA and here is some of […]
It sounds totally impossible, taking a large apartment building and awarding the contract in the tens of thousands. Can you really do that, and if you can, how is it done? Well the answer is yes, you can flip an apartment building. People no smarter than you are doing it across the country every month, maybe every day. The way […]
A home in foreclosure is one in which the homeowner was unable to pay his mortgage loan, so the lender took over the home ownership through the foreclosure process. These bank-owned properties are also known as REO (real estate). The process in Arizona is similar to other states and will be the basis for this article. When you work with […]
Favorable purchase: What is it? A favorable purchase is a banking term for what they call a transaction in which a property is sold “off the market” and below “market value.” Off the market means without a real estate agent involved for the buyer and seller to know each other or it is a private sale. Below market value refers […]
Over the years, many of our construction students have asked me relevant questions such as what size house I build; I am giving; where do i build it? Looking back, it’s easy for me to make these decisions now, but when I started building in 1975, they were trial and error situations. And my hindsight is very clear. It’s very […]
When purchasing a multi-family building as an investment property, closing costs can add up to a large amount and therefore must be carefully calculated as the investor must estimate whether he has sufficient funds for the down payment and closing costs before . to close the deal. It’s also important to estimate how much cash is needed to save for […]
Wow, how things have changed, fast! If you are still investing, I would love to hear how you are adapting and what you see for the future. I’ll start with some of the Covid changes we’ve already made. NOTE: Much of what I share is what we are already experiencing and changing in our own business. Much is based on […]
Investors and home buyers are discovering that the Prudential Real Estate Bank-owned foreclosure listing offers a wide range of discounted homes. Homes in foreclosure are rising in the ranks as the preferred option for buyers as they are priced below market value. The list of foreclosures owned by the Prudential Real Estate Bank covers all types of residential properties, as […]
Farm cost segregation studies are a smart tax measure for farmers and ranchers here in the Sacramento Valley, California’s agricultural hub. And it’s about time: Although cost segregation studies have been available for decades, they have only recently reached the mainstream. Agricultural entrepreneurs in Northern California are realizing the great benefit these studies can bring to their results. The general […]
Well, I know it sounds dramatic, but … let’s call it passion. The deal is for my wife to sit and watch Property Brothers and similar shows (House Hunters, Rehab Addict, etc.), and since I am the wonderful husband that I am, I will sit down and watch them with her. HOWEVER, I began to notice a pattern that has […]
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