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17 January 2025 | 14 replies
One has no mortgage, their other has a HELOC for around $20k remaining and is coming to its 10year term that was established before placing with LLC.My predicament is how/best way to pull equity out of either property for a down payment for the 3 family that is valued around $450k.
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16 January 2025 | 7 replies
We should be done by then and have everything in place.
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21 January 2025 | 5 replies
In my market, which is a fairly economical place to build, I am friends with full time builders that are in their properties about $150k/door for construction level finishes.
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4 January 2025 | 23 replies
Congrats on getting the property early and for putting in the grind to get the property in a better place.
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21 January 2025 | 59 replies
And the world’s a better place for it.
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8 January 2025 | 10 replies
Realistically, one checking account and an accounting system will meet all your needs and keep your business better organized than 7+ bank accounts.If you want to collect bank interest from excess cash, add a savings account.
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22 January 2025 | 8 replies
@Jacob HavlovickBigger Pockets is a great place to find a real estate tax accountant.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 who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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21 January 2025 | 19 replies
Frankly I used to be on BP a lot, then when I started doing syndication, no one discussed much about syndication on BP so I just went to other places to learn.
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21 January 2025 | 4 replies
The tenant fails to pay their last month's rent and leaves the place needing new flooring and paint.
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21 January 2025 | 11 replies
It’s one of the few places where you can realistically achieve solid returns without needing a massive upfront investment.If you’re open to exploring other markets, Detroit might be worth considering.