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10 January 2025 | 22 replies
I don't like one-time fees for software (he also says you can't buy it without signing up for his mentor/coaching program) because as a one-shot deal support, updates etc are usually pretty poor.
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1 January 2025 | 6 replies
Here is how we usually handle situations like this: if a tenant communicates with us, we usually try to work something out with the tenant.
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30 December 2024 | 5 replies
If you have a savings account earning less than 7.5%, no need to have a savings account when you have extra funds available to you in your heloc.
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7 January 2025 | 27 replies
To get access to Eric’s team you’ll be have to pay extra for a program called do-it-with you or do-it-for-you.
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13 January 2025 | 31 replies
Despite the extra requirements we had plenty of showing and very little vacancy.
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31 December 2024 | 57 replies
If heat goes out in the winter we drop off several units, so they can be placed in different parts of the house - including every room with water like kitchen and bathrooms.We also have dehumidifiers, carpet blowers, shop vacs, puddle-sucker pumps, extra hoses, extra sump pumps with battery pack, squeegees, and portable AC units ready to deploy.
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2 January 2025 | 12 replies
This provides extra peace of mind in case your upleg does not work out or the seller or lender will not deal.4) Truly retire for real estate ownership.
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2 January 2025 | 14 replies
@Vidit Maini Until you are an ESTABLISHED business I would recommend just keeping track of your mileage for deduction as opposed to spending the extra money to buy a “company vehicle”.
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9 January 2025 | 16 replies
That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.
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8 January 2025 | 11 replies
Organizational Delays: Section 8 offices are often overworked and understaffed, leading to slow processing times for new tenants, delayed rent increase approvals, and poor responsiveness.Benefits of Section 8:1.Long-Term Tenants: When you get a good tenant, they usually stay for a long time because of the tedious process required to qualify for Section 8 housing.2.Consistent Income: If Section 8 covers most or all of the rent, you typically receive reliable monthly payments, reducing the risk of non-payment (as long as there isn’t a large tenant portion).3.Lower Barrier to Entry: Because properties in these areas are often more affordable, it’s a good way for new investors to break into real estate without needing a large amount of capital.Overall, I’ve seen the good and the bad of this strategy.