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28 December 2024 | 1 reply
This will likely be the smallest aspect of the company but seems like a sensible value add to the other aspects of the company, since we will have a storage unit with furniture/furnishings ready to go-Photographing properties for FSBO listings, or for clients we get for the furnishing/management side of the biz.
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31 January 2025 | 121 replies
@Jeff Love Here are the things that many CPAs support their clients with:Understanding tax impact of short-term vs. long-term vs. flip before you buyWhich entity structure is best for goals and investment property typeTax and compliance on LLC or S-CorpHow to transfer property out of personal name into LLC (hard to buy 1st through entity)Ways to optimize taxes throughout the yearHow best to set up accounting to track income and expenses (doing this late is a mess)Feedback on property management systems, accounting systems. systems, etcEstimated payments to avoid penaltiesKnowing when to file and getting things in on timeMaybe a few things I missed, but this is the high-level ….. if you can get answers to the above questions on your own, plan, and file your own taxes then you can avoid the expense of a CPA.
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14 January 2025 | 18 replies
Those typically seeking $30-$50k are for down payments or second position liens. 2.
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7 January 2025 | 0 replies
I learned how much an escrow account check matters to your overall mortgage payment.
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3 January 2025 | 4 replies
The front end can sometimes be tedious to get approved by the local housing authority, but rent payments are always timely.
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8 January 2025 | 5 replies
With your Fico and down payment, all you need to do is make sure you pass the debt to income requirements.
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7 January 2025 | 8 replies
I would then find a 2-4 unit deal that I could put down a 3.5-5% down payment on as an owner occupied rental.
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17 January 2025 | 19 replies
I have construction loan on the current house I'm building and used similar strategy (land was purchased outright and used to cover majority of the down payment).
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6 January 2025 | 13 replies
If anything is obvious like a solid proof of more people living in the house or signs of smoking in the house or if she misses even one rent payment then start the eviction process.
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8 January 2025 | 6 replies
I can make the down payments in the smaller market on cash-flowing deals, but these bigger markets require 40-70k to make a deal the conventional way, and I just don't have that to invest.