Nadir M.
How Do You Handle Rent Collection & Payouts for Accurate Accounting?
6 February 2025 | 10 replies
Are you using a specific property management software to handle this automatically, or do you have a different system in place to ensure accurate tax reporting?
Derick Jennings
New to this
3 February 2025 | 15 replies
@Derick JenningsRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Todd David Crouch
Self Employed or W2??
12 January 2025 | 4 replies
Bonus, Overtime, and Commission income all typically need a 2 year average either at the same job or in the same line of work.
Steve Mitrano
Flagstar Bank & LLC Transfer
12 January 2025 | 8 replies
Another work around that isn’t discussed much is working on a strategy with your insurance company to protect your other assets in the event of a claim.But also, it wouldn’t be a bad idea to consider getting the financing into your LLc name with a community bank and pulling cash out if you have substantial equity.Right now, since the loan is in your name, it shows up on your personal credit report.
Julio Gonzalez
Which cost segregation study approach is required by the IRS?
4 February 2025 | 4 replies
First off, the approach that was utilized in the cost segregation study might not be explicitly mentioned within the cost segregation study report.
Mustafa Shaikh
RAD Diversified Review — It Wasn't Pretty
19 January 2025 | 147 replies
I am not typically litigious, but this situation is unacceptable.
Frankie Betancourt
155,000 Loan On Property
1 February 2025 | 1 reply
Then what happens is the lender reports your payment history to the credit bureaus and each time hereafter if you ask for another loan and the lender pulls your credit then they are going to see your payment history and whether you made your loan payments or not which will likely influence whether or not they lend you money.
Christopher Heidrich
Stuck in analysis paralysis and in the military
30 January 2025 | 7 replies
@Christopher HeidrichRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Richard Rafferty
Multifamily Owner Working On First Syndication
6 February 2025 | 8 replies
@Richard Rafferty, given the relatively small nature you are looking to take on with your first syndication, personally, I would find it hard justify the typically 20-30k+ for a paid mentor.
Tom Nagy
Stay away from RAD Diversified
3 February 2025 | 34 replies
This new twist of claiming you owe them money is a typical scam tactic to put you on the defensive so you won't contact them about the money they actually owe you.