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15 December 2024 | 12 replies
The obvious answer here is to somehow get some income and start paying down the credit card debt.
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31 December 2024 | 13 replies
Those "good contractors" usually have the lines of credit or means to pay for supplies up front if they know they will be paid on time and are not desperate for a deposit to go get the supplies.
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18 December 2024 | 3 replies
DLP lending fund and DLP preferred credit fund = In solo 401k (roth or traditional) because they are tax inefficient.
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19 December 2024 | 22 replies
For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.
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26 December 2024 | 10 replies
Some other banks will tell you 40% to manage your expectations but if you have a good credit and a the deal makes sense, the down payment shouldn't be above 30%.As to the managing of properties, if you can self-manage out-of-state in the US, there are no reasons as to why you couldn't do it internationally too and some investors do.
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8 January 2025 | 38 replies
In my shoes, it would be hard to credit a client for a decision that could have saved you $10k+ in damages, especially when it wasn't something that went to our firm (like management fees or an in-house maintenance contractor).
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19 December 2024 | 8 replies
I use Stessa for accounting, I love it, it links right to my bank account/credit card accounts and I can assign purchases to different properties and units of the property for multi-unit properties and at the end of the year I have a simple report to give my tax professional
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24 December 2024 | 9 replies
We talked to our accountant and she was recommending individual LLC's as well as individual checking accounts/credit cards etc..
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17 December 2024 | 86 replies
I also have a credit score of 756.
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17 December 2024 | 12 replies
@Haiden Welch I'd lean into local banks and credit unions.