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Results (10,000+)
Nicholas Woo what are your thoughts using Anderson advisors?
21 January 2025 | 31 replies
With enough knowledge you can make a educated decision on which approach you take.My experience:I personally don't sign up for any program who take you aside during events and try to sell packages that is just blatant sales strategy.Once you sign up there is every attempt to make you sign for their programs for bookkeeping, registered agent, LLC or corp setup fee which have ridiculous even with platinum membership.Basic standard structure they suggest to take advantage of multiple deductions can be easily achieved by proper education or work with a good firm like https://wcginc.com  who is local to you.A umbrella C-crop to manage all other LLC properties and take advantage of many tax deductions that are not available with a llc, its also used to take losses up to 100K as startup expenses and dissolve the entity after few years.Few LLC entities for investing in Real Estate, etc preferably in Wyoming or Nevada ( you can find many companies online who can do this for $150 compared to anderson $1500-$3000) , they will claim they have a secret Operating agreement which is bogus.They certainly try to take advantage of tax loopholes and claim to be smart people, my view they are just taking advantage of numbers as per their own statements.
Katie Southard Really want my rental in an LLC
14 January 2025 | 1 reply
Unfortunately, this problem waste a lot of my time that could be spent on other investments.I have used the same tax professional for many years and he is very educated, but also much older than me and it's hard for me to understand all the reasons he has expressed why is better to put the rental on my personal tax returns.
Alan Mills Seeking Strategies to scale up
21 January 2025 | 5 replies
If one project slows down, others can keep moving.Stagger Projects: Start planning your next project while finishing the current one to keep your pipeline full.DSCR Loans: These loans focus on the property’s income, not your personal income, which can help you finance more properties.StrategyFlip and Hold: Flipping one property while prepping another for rental keeps cash flowing and builds your portfolio.BRRRR Timing: Since BRRRR is slower now, using DSCR loans to get multiple properties might be a good hedge.Good luck with your flip and future investments! 
Patrick Braswell Home Equity Loan vs. Refi on rental without existing mortgage?
19 January 2025 | 5 replies
HELOCs are generally provided to properties that are held in the owner's personal name.Are your family members not interested in refinancing the property?
Nick Henry Appreciation or Cash Flow Focus When Starting Out
3 February 2025 | 32 replies
Me personally I look at my rental as a business everything is paid for by rental.
Robert Ok Best Real Estate Coaching Programs
14 January 2025 | 11 replies
Personally for what people charge for these programs I would say you are 1000x  better off taking some courses at a local college, getting a degree and working in real estate to get paid for experience and then do real estate on the side for your own portfolio as well.
Edward Toomey V 5 months using RentRedi and I HATE it
19 January 2025 | 55 replies
Haven’t used it personally but a good friend of mine who self manages around 20 doors uses it and swears by it. 
Otis Clayton How do closing agents fund private money deals?
15 January 2025 | 15 replies
Consider doing this personally or using an LLC.
Anthony Jackson Norada Capital Management Promissory note investment
5 February 2025 | 38 replies
Bloody oath I do mate.It's never their fault and always yours (Ours).They rarely take any responsibility and cry victim.It's crazy to think but it's like many intentionally look for drama and deep down inside don't want success but rather problems.Someone to dislike and blame and to feel wronged by.All other personal and "at home" issues can now be blamed on this one unfortunate scenario.This "drama" per se is like food for the hungry and they need such drama in life to "survive".My apologies if my above comments sound weird as they are more so from a philosophical standpoint and just some thoughts that I have considered after 5,000+ investor intro calls and as you have mentioned, others feeling wronged by me or my company on many occasions.What a $#@% way to live IMO but I don't judge and sleep in peace.Again, I have been "wronged" by many but consider it my own fault.I also don't call them out publicly or post bad reviews, etc... 
Steve S. What type of locks do you use for external doors on your rentals?
25 January 2025 | 18 replies
Even I can do it, and I am generally the most unhandy person on the planet!