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9 February 2025 | 11 replies
I'm happy to share some tips about purchasing an STR in a different state.I joined Stayly Academy, which helped me secure a lease property under my business name and utilize it for short-term rentals.
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13 February 2025 | 1 reply
As a loan officer, I've seen a few people go through the same scenario of basically breaking even.
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5 February 2025 | 18 replies
You can check with the Better Business Bureau (BBB), your state’s department of business oversight, or your local real estate community.5.
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21 January 2025 | 7 replies
I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.
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24 January 2025 | 11 replies
Avoiding accessive PM fees (personally I recommend most people self-manage)These will eat away at your ROI.
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20 January 2025 | 4 replies
I don't have any specifics but as someone who is into tech, accounting/finance, and a consultant to grow businesses.
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28 January 2025 | 71 replies
I have questions about their business acumen though.
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8 February 2025 | 8 replies
@Matthew McleanBigger Pockets is a great place to find an accountant specializing in real estate taxation.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.
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20 February 2025 | 6 replies
I'm seeking advise from people who may have been down this road before on whether we should seeking other financing methods to go LLC to LLC or quit claim the lot back to our personal names to satisfy the 1031 exchange rules.
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3 February 2025 | 26 replies
We are a small partnership with 4-5 properties currently, but we are growing and hoping to find a reliable lending partner that we can do repeat business with.About 3 months ago, we successfully completed a BRRRR deal where we had excellent numbers, over a 1.25 ratio at 75% LTV, our guarantor partner has an 800+ credit score, and we had no issues qualifying for the loan.