Account Closed
PM needs ss#
22 January 2025 | 14 replies
.- If you chose to set up your LLC as a pass-thru entity, then you will need to supply your SSN.FYI - to avoid getting nasty letters from the IRS about errors (which might cause us to be audited), we will ask for a copy of your EIN assignment letter or a copy of your SSN card to confirm those numbers.
Kathy Merkh
Finance International Group, LLC
24 January 2025 | 13 replies
DSCR loans are not that low and regular hard money loans will be in the double digits.
Dave Chengoue
New Investor in Real Estate seeking for advice and networking opportunities
26 January 2025 | 5 replies
I plan to manage the properties myself until it conflicts with my regular job.I would appreciate any advice on these markets to ensure success and connect with local investors.
Tio Sam
How to choose a design?
29 January 2025 | 15 replies
Find the style that people are doing in the area then find equivalent options for materials at local supply houses.
Brandon Vukelich
3-unit STR/MTR $107k NOI on $187k REV
29 January 2025 | 12 replies
Seems a bit high on the exp ratio near 43% but we do pay a premium for our solid cleaning lady, she also stocks supplies, runs errands and other duties for no "extra" charge.
ZZ Song
Any experience with Prime Corporate Services?
20 January 2025 | 31 replies
That’s half the cost of Prime’s reduced rate.2nd, like everyone is saying, the cost of setting up and LLC is less than $100… closer to $50… if you just do it yourself through the state (not complicated).3rd, if you want someone to help you draft your operating agreement, hire a local real estate attorney and it will be significantly cheaper than $1660… probably cheaper than $550.4th, if you want someone to do your taxes and help you get your max deductions - talk to a CPA who specializes in real estate and they can review your operating agreement to see if you’re setting yourself up properly, and they can do your regular taxes… and be cheaper than Prime. 5th, a separate CPA can work with you regularly to review your investments and strategies to determine good tax strategies as you look to execute any deals. 6th - don’t lock yourself into a crazy subscription model before you start making money!!!
Chris Lo
Platforms for landlords
7 January 2025 | 3 replies
They can't assess all the subjective data like overall layout, view from the living room window, the dogs next door that bark all day, the width of doorways, size of individual rooms, quality of kitchen cabinets and appliances, etc.The best thing to do is study your market regularly.
Bruce D. Kowal
🏠 vs 📈 - A Fresh Look at Real Estate and Dividend Stocks
28 January 2025 | 0 replies
In both cases, you're growing wealth while collecting regular income.📊 Market Appreciation vs Stock GrowthHere's where it gets really interesting!
Manuel Angeles
Eric Spofford Section 8 Course
7 January 2025 | 27 replies
Quote from @Michael Smythe: Besides MANY self-labeled "gurus" exaggerating their success, many of them just supply readily available info.If you're too busy to find the info and are willing to pay for it, no problem as you accept their time vs money solution.REGARDING S8 GURU ISSUES SPECIFICALLYMost of them don't share all the facts about how Section 8 actually works.They claim you can get HIGHER rent from S8 tenants vs private-paying tenants.Why would the government allow our tax dollars to be spent this way?
Rafael Valdor
Are there red flags in PM agreement?
20 January 2025 | 2 replies
If it's beyond the regular duties, then yeah, a fee for his time is valid.