Brazos Real Estate Investors Club

The Wisdom of the Crowd

Utah Real Estate Investors Association

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"To change ourselves effectively, we first had to change our perceptions." -Stephen R. Covey

Mindlessly conforming to conventional wisdom about how to thrive in your calling is something I think we should all avoid. But with every (bad) magazine and social media post tossing around conventional wisdom left and right, allow me to question some of it...

"Just do your job"
Your job description is a bare minimum. Fulfilling it means you'll probably keep your job, or that client contract, but you won't stand out when buyers are re-upping contracts or managers are deciding whom to promote. Push the envelope a little so your contact sees that you're committed to helping the organization, not just safeguarding your position or contract.

"Never say 'No'"
You can't do everything, know everything, or even attempt everything your boss or contractor asks. Be willing to admit when you don't have the answer, or that you don't have time for every assignment. Then work with your contact to solve the problem, and accommodate his or her needs. Read More...




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 Who is the Right Person to Buy Your Fix and Flip Project Materials?

CT Real Estate Investors Association

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Some gurus will tell you to let the trade people buy the materials for themselves. There apparently have been some issues in their experiences that have supposedly clouded the issue of whether these people are employees or contractors. Apparently, this issue went deeper than material acquisition.

For Example:

If you tell someone that they must be on the job from 9 to 5 and you will be paying them an hourly wage, they will be viewed as an employee. The material purchases will be irrelevant. However, if you buy the construction materials and the trade people set their own time of when they come and go, and charge by the job, they should be viewed as contractors. My experience as a flipper and accountant tells me that whoever bought the materials is irrelevant to determining whether someone is a contractor or an employee.

Knowing whether a worker is an employee, or a contractor is relevant from a tax perspective. If the person is an employee, you have social security taxes and Medicare taxes that must be withheld and paid. You also must withhold income taxes. You really don’t want to have to deal with that situation if you can avoid it. At year end you must provide a form W-2 as well.

On the other hand, a contractor is on his own for paying the appropriate taxes. The contractor is in business and must fill out his own tax return forms and account for the taxes appropriately. You only need to provide the contractor with a form 1099 if you pay that person $600 or more. Read More...


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What Is A Real Estate Virtual Assistant And How Can They Help My Business? Part 1

West DFW REI Group LLC

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What Is A Real Estate Virtual Assistant And How Can They Help My Business?  Part 1

A real estate virtual assistant (REVA)provides assistance in administrative tasks such as paperwork, online marketing, data entry, phone calls, market research, pulling comps, website maintenance and management, etc., specifically trained for real estate professionals.

Real Estate Virtual Assistants work remotely from the comfort of their home or their own office space, working on task you assign to them.

There’s a lot of ads for virtual assistant services online these days, but it is best to remember that they come with many different skill sets and levels, but most of them will have no specific training to support real estate investors.

How Real Estate Virtual Assistants Can Help You?

The short answer is… almost anything that can be done online or with a phone, your REVA can help you with.

While it is true that the role of virtual assistants has grown from secretarial and general administrative services, there are now literally dozens of specializations VA’s advertise service for, market research, scheduling, logistics, legal research, data entry, bookkeeping, social media, internet marketing, web development and programming, web SEO, and much more. Read More...


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