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23 January 2025 | 9 replies
This could be just specific to the real estate industry, but in both recruiting and cybersecurity consultants (hackers for hire), the ones that start their own business/consultancy, are the ones who after spending 2 years (usually exactly 2 years which is when recruiters will message them), the high performer will either 1.
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13 January 2025 | 2 replies
They can advise you on the best way to structure the LLC and get financing.
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10 January 2025 | 16 replies
.- Depends on what you're doing specifically, but usually I'd recommend getting an EIN at least to give access to business bank accounts- Repeating #1, if you're going to a property and 100% of your time is spent doing renovations and the like, sure, but if any of it is for personal benefit, that'd be disallowed.
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27 January 2025 | 6 replies
How can we prove that any damage is caused by this specific tenant, given multiple residents in the property?
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18 January 2025 | 9 replies
We also love podcasts so if any specific episode of the BP shows come to mind let me know!
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15 January 2025 | 5 replies
Conceptually you want to take an approach that minimizes your need to be on site - and for that reason I would advise against BRRRR.
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20 January 2025 | 37 replies
If you have any advise on catalyst to help us get there, I am all ears!
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20 January 2025 | 5 replies
So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?
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26 January 2025 | 48 replies
I wish there was a system for searching for STR specific things but I have only found something like AirDNA to be the closest even though it's far from ideal for that.
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20 January 2025 | 5 replies
You might consider other strategies, like taking a home equity loan or refinancing to fund repairs, but consulting with a tax professional or CPA would be the best next step for your specific situation.