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2 September 2024 | 4 replies
I would just suggest you make sure you fully understand that process before you dive into it - because you can lose a lot of money fast if you don’t know all the ins and outs.Likewise, rehabbing isn’t always straight forward… like who will do the work, permits, contractors, unknown damage you may not have accounted for - especially in a foreclosure where there usually isn’t the ability to inspect the property.We’ve done several flips we won at auction, and lost plenty of them in the bidding.
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29 August 2024 | 5 replies
We are going to be implementing more of an SEO strategy to push people to our website, and get more testimonials from residents.We've been fortunate with demand still being high, and we do have good luck with apartments.com.
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31 August 2024 | 7 replies
I don't think you'd have much ability to BRRR - it's just too difficult down there.
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31 August 2024 | 3 replies
Send her a bill and give her 30 days to pay in full.
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30 August 2024 | 0 replies
This successful flip highlights our ability to maximize returns through efficient project management and targeted improvements.
1 September 2024 | 3 replies
I explain the eviction will impact their credit score which will impact all loans and their ability to obtain nice housing in San Diego.
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31 August 2024 | 4 replies
Buyer has ability to close, so it's a smaller loss to have the complete the purchase before the market gets worse.
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30 August 2024 | 4 replies
Would refinancing now to simply gain a point (if that) on my current rate affect my ability to carry out one of these other strategies in the next year?
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30 August 2024 | 0 replies
For business owners, having a separate legal entity, such as a corporation or limited liability company, provides the unique ability to create a credit identity with business credit reporting agencies, also known as a business credit profile.Reality check: > Funding your business with your home equity or personal savings/guarantee is a HUGE risk > ~45% of Small Businesses applied for a Business Loan in 2023 > Less than 2% of SBA Loans are actually funded/approved > 29% of Small Businesses FAIL because thee run out of Capital > Your company’s name on a credit card is NOT corporate credit (if you used your FICO score to get it) > Business (EIN) credit will open new ways to finance your growthIf you keep doing what you've always done, you'll keep getting what you always got!
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31 August 2024 | 12 replies
An LLC doesn't provide you the ability to deduct something that wasn't deductible before.You also want to be wary of 2% itemized deduction which is what you are describing a lot of your expenses.They are currently non-deductible at the federal level.