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11 December 2024 | 7 replies
@Gary Bonds owning a few rentals is not a business at least according to my accountant, Best to attempt to qualify using your personal income.
23 December 2024 | 9 replies
Call them and verify employee status/account paychecks drawn on?
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19 December 2024 | 2 replies
All that said, I actual in cocoa beach area so probably even more desired than orlando but orlando was all it would allow me to select when setting up my account.
20 December 2024 | 1 reply
Well, closing your account so quickly certainly doesnt help the attemp to network.
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27 December 2024 | 34 replies
Income tax refund (forced savings account where govt keeps your interest) gives them the cash they need for first month's rent + security deposit.10) Realities of S8: most tenants no longer have 100% of rent paid by the program.- Good luck getting them to pay their portion for the duration of their lease- Be careful including utilities in the rent as they then won't care about a running toilet resulting in a $500 water bill.- S8 tenants don['t want to pay application fees- S8 tenants cry broke about paying security deposits- S8 tenants in the program for 10+ years claim ignoreance on filling out their paperwork because they've learned a desperate landlord will do it for them.If you want a S8 tenant, you MUST advertise on www.AffordableHousing.com
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14 December 2024 | 6 replies
They can guide you on tax advantages, asset protection, and multi-state strategies.A HELOC is a smart way to leverage your equity—ensure your financing structure aligns with your long-term goals.Since you plan to add multiple properties annually, consider setting up bookkeeping and financial tracking systems early to streamline your operations.Best of luck with your BRRRR journey—it sounds like you’re off to a strong start!
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16 December 2024 | 1 reply
We distributed profits to investors quarterly and returned a 45% IRR to investors annually.
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23 December 2024 | 8 replies
But they have the affordable priced properties......in comparison to the top non affordable states in the union. its also forcing us local guys out to the Andersons and kokomos too because we cant compete with the large funds bank account.
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18 December 2024 | 9 replies
All funds process through various channels but the PMS (with trust accounting which is very important) keep track of all the funds and then we disburse monthly to the owner.
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22 December 2024 | 23 replies
In my area, U&O inspections are done on every sale and varying rentals from annual to just on turnover.