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9 December 2024 | 3 replies
Hoping to meet a small group 3-6 people that can brainstorm, ask questions, and help hold each other accountable for our goals.
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17 December 2024 | 22 replies
Phil Alexander, the main guy, does not hold the local providers accountable.
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10 December 2024 | 8 replies
Also, make sure your turn over costs account for the smoke damage.
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9 December 2024 | 7 replies
The main reason is that it is not initially set up for a Real Estate business like other “real estate-specific” accounting software.
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10 December 2024 | 25 replies
You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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9 December 2024 | 14 replies
We don't provide any streaming accounts.
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9 December 2024 | 2 replies
If the features were removed, you were probably refunded and just haven't seen the refund on your account yet.
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10 December 2024 | 8 replies
We have a savings account where we split up into different buckets (from our w2 and passive income) and one bucket is for real estate and when we have enough to acquire another asset we will consider it.I am not a fan of borrowing 100% of the transaction costs including closing costs as it will be extremely difficult to make money many times on those types of deals.
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19 December 2024 | 55 replies
Interest payments hit my account as expected.
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9 December 2024 | 6 replies
I know some mentioned about developing banking relationships and I totally agree with that, so here is what you do. 1) Open a business checking account in the name of your LLC to hold the assets. 2) Deposit your cash into that account to fund the real estate purchases3) After owning for 60-90 days, talk with a local lender about a line of credit against the 2 properties at 60% LTV. 4) After about 30-45 days, have the line open to use if you need that liquidity that you used, but until then you are not paying 7% interest on nothing.