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17 January 2025 | 19 replies
On the business management side, I've invested roughly $10k into the systems for financial and operations through courses and consultants.A great Facebook group I'd recommend Remodelers Community -- I know it says remodelers but this group has a resource called the "remodelers vault" where members have pitched in their resources like contracts, cash flow trackers, QC checklists and more that are invaluable starting out as a residential GCBest of luck, you got this
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9 January 2025 | 20 replies
As far as checking your accountant's technical competence, you can use this old but still applicable questionnaire:https://www.biggerpockets.com/forums/51/topics/792277-how-to...Other questions that you may want to ask are listed in this post:https://www.biggerpockets.com/forums/51/topics/795929-questi...3.
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3 January 2025 | 12 replies
It’s great to have a community to bounce ideas off of.
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3 January 2025 | 12 replies
Personally, and what I would do for my clients, I would connect with a local community banker to discuss the property and see if their bank would entertain this type of financing (not all banks like doing this type of deal).
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30 December 2024 | 7 replies
I have never done an application for a rental because they are so happy to find someone who is going to help them with their good location, but needs just a little work, property.
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31 December 2024 | 2 replies
I want to thank the few people that took the time to welcome me to this community.
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2 January 2025 | 12 replies
The management fee itself is 0.5-2.0% fee which is expensive.I've compared many Deferred Taxes Strategy: 1031 vs 1031 DST/TIC vs Deferred Sales Trust vs M453, the one that is applicable for a regular people is actually only 1031 exchange.
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3 January 2025 | 7 replies
This is a growing trend in rentals to increase cash flow and help your community with affordable housing!