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21 January 2025 | 14 replies
Confirm that the IRA LLC provider will prepare all of the documents needed to not only form the LLC (articles of organization, SS-4 to obtain an EIN) but also the documents needed by the trust company to process the investment of IRA funds in the LLC.3.
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15 January 2025 | 29 replies
We would also be working with them to prepare them for refinance from Day 1.
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21 January 2025 | 40 replies
And it's helping me keep my transactions organized so I'm prepared for tax season.
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22 January 2025 | 15 replies
The inventory is also very old, so prepare for heavy Capex (but it sounds like youre ready for that anyway).
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9 January 2025 | 20 replies
The replacements often lack the experience.If you're looking for tax preparation only, without tax advice, then the worst times to look for a CPA are March-April and August-October.
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16 January 2025 | 4 replies
Also, there’s much to delve into on of those scenarios, like what type of cashflow or investment do you want, etc. residential, multi-res, small multi-res, commercial, industrial, etc.There seems to be fewer deals around these days and this typically benefits the more experienced and skilled investors but there are always multiple investors that get “tripped-up” in these markets due to them relying on recent “fortunate” market circumstances only to realize the markets cycle and they weren’t prepared or didn’t underwrite properly to account for unforeseen potential.There are more considerations, but this is a start.
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12 January 2025 | 8 replies
And yes hurricanes are not that common but I should be prepared@Stetson Miller good point about finding a good HOA.
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28 January 2025 | 19 replies
Have a list prepared around a nice area of houses that you have selected that will fit your criteria....maybe see the insides of one or two?
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10 January 2025 | 12 replies
Also, as I prepare for estimates, would be helpful to know where my in year deductions actually are.
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5 February 2025 | 38 replies
Prefer keeping this kind of stuff behind closed doors if possible and sorting it out without revealing dirty laundry.I would have been in the same boat as many other turnkey providers that are no longer around if I didn't focus on limiting how much business I take on.And even with my stupidly strict criteria, we still copped the brunt of the sword.Business is business and people are people, sometimes things just don't work out.It's a true shame but such is life.I always want whats best for everyone and for every deal to work out and for everyone to succeed.With the best intentions, mistakes are still made.Those that work hard and do their best, will also make mistakes unfortunately.Again, I sleep in peace and whenever I F@#$ up, it's an honest mistake so crucify me all you want.Thank God, never been sued and back round is squeaky clean and I intend to keep it that way.Less is more and when crisis does arise (It always eventually does no matter how much you prepare and do your best), we can hopefully rectify and do our best to fix.For example, just had an investor loose $50,000 on a deal and the next few deals we are working for free for this investor.We don't have to do this, we want to...Not sure how we would be able to accommodate such an instance if I had 50+ investors loosing that much so I guess my stringent on-boarding criteria has saved our A$$ for 10+ years now.Granted, I'm burnt out on folks and have pulled back even more from doing our "measly" 4-5 turnkey deals per month and have decided to focus on just building my own portfolio.Like I initially intended when I moved to this country in 2012.Thanks mate and keep being great