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7 September 2024 | 9 replies
@Marvin BracamonteFor first house hacks using owner-occupied financing, it's crucial to live in the property as your primary residence for at least a year.
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9 September 2024 | 9 replies
Reach out to a few and see who you like.You can also ask members of your local real estate investors association for real estate accountant recommendations.Good luck.Bill thank you for the advice from the tax aspect.
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9 September 2024 | 8 replies
I just hope i can find something before the new year ideally so i can stop paying rent and own something.Noted on the cash flow aspects too (i have been using the duplex calcualtor for this) and understand i will have a small net payment each month while living there, which is completely understood and fine by me (better than paying large rent)
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9 September 2024 | 9 replies
If you ever plan on doing this later in your days, you could always do a management company and just expand on that, but I can tell you from my own perspective that LLC – S and being W2 employee under that may limit some of your lending aspects, but it protects you around the world anywhere you go further if it comes to it, you can bankrupt your company, sell the assets and open another company the same way and you’re still protected through and through. as my wife is a high earner, it really protects her from civil suits and other things like that or anybody that ever comes to maliciously take what is yours.
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4 September 2024 | 7 replies
Part I.IntroductionSponsor underwriting is a critical aspect of real estate and investment analysis.
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6 September 2024 | 5 replies
Quote from @Johny Omaga: As a private lender, establishing clear communication and transparency with borrowers has been crucial in overcoming any funding challenges.
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9 September 2024 | 21 replies
I had 1 PM in the past who was a big corporation in this market and they caused a lot more headaches than anything, so vetting your PM is crucial.
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9 September 2024 | 12 replies
Comparing it to a 30-Year Loan is crucial, as it preserves capital but also takes on rate hikes.
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5 September 2024 | 13 replies
They'll provide crucial information, including the total amount you need to reinvest.
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9 September 2024 | 12 replies
., we track all the data per each fixed asset in Google Sheets and it's a part of our monthly/yearly processes to input the appropriate adjusting journal entries so the depreciation and amortization are reflected on the financial reports on a monthly basis for each fixed asset.We have a depreciation worksheet, an amortization worksheet, and another worksheet that details all other aspects of each fixed asset (placed in service date, type of property, partners, etc etc) per client.It's nothing fancy but it works for us.