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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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19 December 2024 | 55 replies
Interest payments hit my account as expected.
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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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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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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.
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17 December 2024 | 12 replies
It is also will allow for experience in managing tenants, repairs, accounting of the expenses etc...plus you get to keep a close eye on the property.
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10 December 2024 | 11 replies
First - I think your accountant should be providing you recommendations for cost segregation companies.It it most likely, if he/she works with real estate investors, that he/she would have a couple to recommend.Second - There are two types of cost segregation studies.Type 1 - Conducted by an engineering firm where an engineer will inspect the property.
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9 December 2024 | 1 reply
You're the fish.They often use a mix of fear, threat and urgency to push a target to act.It can be as simple as a 24 hours sale from your favorite shop that requires you to log in to your account first or your boss asking you to wire money right now or he/she/they will lose an important contract that will cost millions.So cybersecurity is important because without that, you might have an incident that can cost a lot of money, impact your reputation and might affect your credit score.
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8 December 2024 | 14 replies
I recently cooled off a member that has around 20 moderator notes on his account, all for the same violation, but they were spread out enough that other moderators decided to let him keep going.What if you created a simple three-strikes rule?