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Did you know that you may have overlooked huge deductions on your rental properties? And that even very experienced real estate professionals sometimes miss these too? Since 2004, the IRS has allowed real estate owners to depreciate parts of their building more quickly than the standard 39 or 27.5 year schedule. This can produce tremendous…
Think back to your first deal: was it killer, or did it almost kill you? (Remember, “What doesn’t kill you makes you stronger” ♪♪♫) Anyway, some of us made major missteps, some squeaked through, and a few us of made a profit. But very few make almost $100K on their first deal. Jack Sarcia used his…
Are you constantly playing catch up in your business? Do you feel as if you are always reacting to the latest crisis instead of proactively growing? Is it almost incomprehensible that you could possibly take on any more deals/projects/properties? Newton Kershaw began his real estate investing career in 2009 with partner Dave Schleyer after years…
Because we know how much you love sitting on the phone with banks on “Ignore” and sending the same package in to the same servicing company over and over, (NOT!) we have put together some tips on how to maximize your short sale approvals and extract the most profit. Maryann Little has been successfully negotiating…
We all know that rehabbing a distressed house is “Value-Add”, and don’t we all love to see the Before and After shots of a successful renovation? But for a real estate investor, that’s the obvious choice. There are always more ways to add value (and increase equity or profit) that are not immediately apparent, so we’re…
Have you considered buying out of the area? Flipping long distance? Or just considering moving but don’t know how to uproot or expand your business? This presentation will explore some of the challenges encountered when entering a new market with a case study of a million dollar rehab in South Florida. Julio E Vega is a…
Ever had a contractor walk off the job, no-show, or just plain do a lousy job? What happens when he slaps a lien on your property, even if you don’t owe him a dime? At the very best, working with contractors is a huge challenge. Andrea Goldman, Esq of Goldman Law Group specializes in contractor…
We’ve all heard presentations on the wonders of self directed IRAs. And in fact they can be exactly that. And if your IRA owns an LLC, you can create what is called a Checkbook IRA. But what if you fudge the rules? How strict is the IRS about them anyway? Are prohibited transactions really a…
A cross between Monopoly and Survivor, this game is a Black Diamond original. No rehab skills needed to compete for the highest profit deal: just bring your luck and sense of fun to win you that top prize! What do you need to do to play? Show up Grab a “deal” from the…
If you are like most of us, you use some form of software to manage your rentals. It could be anything from a simple Excel spreadsheet to a complex feature-rich package. How do you know if it’s a good solution for your needs? And what happens as you grow? Will you soon outgrow your current…