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18 January 2025 | 16 replies
When I first began, working with a property management company, they asked me to provide (and list clearly) the starter set that came with the house.
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13 January 2025 | 7 replies
I get into contract in my operating company and then assign the contract to the new LLC prior to closing.
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13 January 2025 | 7 replies
It seems a stretch to pay for the Rig with Section 179.I would have development equipment onboard and dedicate a portion of the space to developmentI could put the companies logo on the side as advertisementGiven this, what tax strategies are actually practical?
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20 January 2025 | 9 replies
If your considering organizing a capital raise perhaps you should focus on large companies that advertise on the websites to be doing a capital raise with a debt offering.
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26 December 2024 | 18 replies
Faced with mounting expenses, extended timelines, and diminishing returns, we ultimately decided to sell the property instead of continuing with the BRRRR strategy.The Insurance Mistake:The biggest lesson I learned was that I had the wrong type of insurance.
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20 January 2025 | 7 replies
Treat this property as a business and factor in all the associated expenses, including mortgage payments (if you pull a loan), maintenance, and potential vacancy periods.To simplify management and make this less of a hands-on job, I’d strongly recommend working with a property management company.
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20 January 2025 | 12 replies
They will have better recommendations for any title companies or lawyers there.
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15 February 2025 | 77 replies
It may be like $200 but what happens is the mortgage company will charge some higher origination charge of $500-600 for that rate.so you are paying $500+ to save $250 over 30 years.
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16 January 2025 | 10 replies
If you manage to get this off the ground and do some verified - meaning paperwork is in your name, or company's name, etc - projects that turn a profit, and you build some capital in a bank, you should be able to go right to that lender after a year or two and start a relationship no problem.
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10 January 2025 | 3 replies
I spoke with the title company who is still helping us wrap up the set-up of a servicing company, and she confirmed that they would be responsible for the principal / interest for Nov and Dec, while we are responsible for the escrow shortage balance (as agreed upon).Not sure how it was missed - not my favorite title company to work with.