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10 March 2019 | 59 replies
And in the interest of experiential value and soliciting financial partners, a couple cash flowing properties and a couple of local flips looks better than a bunch of analysis charts and inaction.
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10 May 2019 | 58 replies
So one can "cut their own hair" and be responsible for the consequences of not looking so good as an alternative to going to a barber and having them cut hair professionally.
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3 March 2019 | 10 replies
One thing is to see it in charts another is in person.On my first trip I spend hours driving around and zoned in a neighborhood University area at the time I saw monorail to downtown was being build in that area and knew it would only increase the value of properties.I like being close to major Hospitals/ Universities feel there will always be a demand even during a recession
3 March 2019 | 5 replies
When you get bigger you can use quick books to create a chart of accounts to manage your bookkeeping.
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6 March 2019 | 3 replies
Find the article here https://tinyurl.com/y647hqc9 .The below chart might be unreadable as posted - find it included in the article.
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7 March 2019 | 5 replies
I used to use them back in the day on all my 'hairy' deals (and almost all of my first deals had serious hair)
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1 April 2019 | 11 replies
If your contract states that a certain outcome is expected, such as house trim painted (rather than house trim will be painted with a horse hair brush with two coats of paint with brush strokes in both horizontal and vertical direction) and a general time schedule, such as completed by a certain date (rather than will work 8 am to 3 pm Mon through Fri) then you have a better chance of saying the person is a contractor or independent business rather than an employee.Think of how you deal with a plumber--The toilet is clogged.
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9 March 2019 | 5 replies
I think the most entertaining negotiation I've had was an investor looking for a regular sale of one of their rental properties and I ended up doing a round table negotiation with them to identify terms of the sale (my partner and I did this nice presentation with charts and graphs and stuff and they liked it a lot).
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7 March 2019 | 2 replies
Thrya,Congrats, let me know if you need any assistance for the accounting aspect.First, put each property in its own LLC and open a bank account for each LLC.You do not need to create an LLC for Property Management, you can, but it's not necessary.You need to make sure you have the proper Chart of Accounts such as Assets, Liability, CapEx, OpEx, G&A Exp, and Equity.Chances are you will be putting the majority of the expenses under CapEx since you're renovating, once it becomes rental, the expenses will be OpEx.
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8 March 2019 | 5 replies
ME, a silly ape with a big mouth with an ego from hell, a cute butt sure, and crazy hair, but with no formal SEO knowledge other than that I developed myself which Google seems to be loving to no end!