11 September 2024 | 8 replies
Generally, for the optimal refinance, these are top of mind for BRRRR strategy investors:Return of capital: The key “secret sauce” of the BRRRR method is to build portfolios using the same capital over and over—which relies on getting your basis (or more) back on the refinance, where basis refers to the money you invested in the property (down payment and cash used for renovations).Speed: Refinance lenders use the term “seasoning” to refer to the amount of time (typically in months) between the purchase of the property and the refinance.
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10 September 2024 | 8 replies
You simply cannot rely on Tenants to accomplish this.
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12 September 2024 | 58 replies
Automation is something that we will need, I am hoping to get some good systems in place while we still have an awesome on-site manager, we rely on him way to much right now.
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8 September 2024 | 3 replies
If you go for a single family home, you are relying on debt / income solely for that new mortgage, however if you go with another multi, you can use some of that rental income to qualify for a larger mortgage, and ultimately a larger property.I'd be happy to chat, I am a local realtor in Fairfield County.
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8 September 2024 | 29 replies
DO NOT, I repeat, DO NOT use any debit or credit cards you rely on.
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7 September 2024 | 10 replies
In the much more common exemption from registration, was it an intrastate exemption, a Reg D filing, or did the offering rely on the general exemption for private placements?
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8 September 2024 | 13 replies
@Vamseedhar Vuppu Most of my out-of-state clients rely on video home tours & video calls to run through numbers.
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10 September 2024 | 29 replies
You can use it for any business you can imagine, as long as you understand the accounting principals associated with that business and how it all works together.In QuickBooks, you can set up projects for each flip and keep track of them on the balance sheet - where they belong - up until the moment of sale.If you don't have a lot of accounting knowledge and are relying on QuickBooks to be intuitive, then you are going to be VERY disappointed.
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6 September 2024 | 9 replies
I do not think that it is required .. but in our Property Management Company both myself and my boss are licensed realtors but we do not compete with realtors as we rely on them for referrals of Investors.
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7 September 2024 | 5 replies
Before you buy, make sure to get the latest rent roll (a breakdown of what tenants are actually paying in rent), the tenant ledger (which shows their payment history—whether they’re paying on time or carrying a balance), and of course, a copy of each lease agreement.Too many investors rely on what the seller says, which often doesn’t match up with what the tenants are doing.