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15 October 2024 | 10 replies
I've been advised by a local investor to look off market and utilize seller financing as I don't have much capital to work with nor the 2 years of employment records needed for a bank loan.
18 October 2024 | 34 replies
You can decide to utilize those funds to pay it off once you have that much or buy more property with it, especially if we get a recession where cash is king.
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17 October 2024 | 47 replies
Util they in the last 2 weeks got us figured out and helped I had varying degrees of being blocked.I'm using creativereireply.com a new super set of reireply.com.
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14 October 2024 | 8 replies
The best one is the one that utilizes your strengths to maximize returns.
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15 October 2024 | 5 replies
I know there are a ton of features I don't utilize personally, I mostly use it just for tenant application and screening process, and then for rent and fee collection In my personal experience here's my pros and consPros•Had a template for screening questions on the application so I didn't have to think of things to ask myself•Handles rent collection easily and for only a $1 fee to my tenants for ACH transfer which makes it easy for both parties•I can set up all rent and fees at the beginning of a lease term so it's set it and forget it for me•My tenants have said setting up auto-pay was easy and I like to make it as easy as possible for them to pay me!
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10 October 2024 | 11 replies
I have a few questions and I will definitely be seeking professional guidance as well, but wanted to throw this out in the forums.Background: I have just opened a single member LLC. I have a personal HELOC on my pri...
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16 October 2024 | 10 replies
Depreciation is valuable to investors with taxable income, but in a Roth IRA, any income or gains are already shielded from taxes, so the benefit of depreciation deductions isn’t needed.As for shifting depreciation to another partner in a syndication, the IRS generally does not allow the reallocation of depreciation solely based on which partner can better utilize it.
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12 October 2024 | 0 replies
Two questions:1) For those familiar with the area and demand, who has utilized a short-term rental management company in the Bremerton, Silverdale area of Kitsap County and what has your experience been like?
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15 October 2024 | 10 replies
I'd attack the credit report :) 1) lower (pay down) whatever accounts have a high utilization percentage 2) contact each of 3 major consumer credit agencies and get a free report, then dispute every hard inquiry that is *NOT* associated with an open account 3) call the credit cards you already have established and ask for a credit line increase -- often can be done online and they do not verify income, hint hint.
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15 October 2024 | 14 replies
🏦To get to the point where you can avoid personal guarantees, you’ll need to build your business credit over time:Open trade lines in your business’s name (utilities, vendors, etc.).Make sure you’re reporting payments to business credit agencies like D&B.Keep your debt-to-income ratio low and maintain good cash flow.It doesn’t really matter if it’s an LLC or S-Corp—what matters most is establishing the business as a strong, creditworthy entity.But yeah, in the early stages, personal guarantees are almost unavoidable.