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23 July 2024 | 32 replies
Last year I didn't receive their accounting file (a trial balance report) for my taxes (due in April) until July.
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25 July 2024 | 62 replies
Higher risk must be balanced with higher income.
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22 July 2024 | 6 replies
When you break down the numbers by individual properties using the first purchased property as a templated for the additional properties purchased however, you will notice that the numbers being used in the example are not scaling correctly.It took me some time to figure out why the numbers were not scaling and adding up correctly but I finally believe I at least partially figured out why the numbers didn’t add up.By the end of year 3 the 3 properties are owned for the following lengths of time and reflect the correct numbers associated with that length of ownership (loan balance, equity, property value, etc).Property A - owned 3 yearsProperty B - owned 1 yearProperty C - owned 0 years, it will be purchased at the start of year 4But by the end of year 4 the properties should reflect the following years of ownership with their respective numbers associated with the years of ownership (loan balance, equity, property value, etc).Property A - owned 4 yearsProperty B - owned 2 yearsProperty C - owned 1 yearHowever the summary total numbers that were provided in the book for all 3 properties at the end of year 4 did not add up correctly.
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24 July 2024 | 11 replies
Quote from @Emma Campbell:If we have a Lowes business pro account, and in Month 1 we buy $1000 of materials for properties in 3 different LLCs, it sounds like manual effort is needed both to pay off the $1000 balance by making payments from each LLC's bank account for the amount it owes, and then a separate manual effort to record and assign the expense transactions in the bookkeeping software.
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23 July 2024 | 0 replies
This rise points to a more balanced market with ample opportunities for buyers.Practical Advice and Actionable InsightsFor Buyers:Leverage Inventory Increases: With more homes on the market, buyers have a wealth of options.
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23 July 2024 | 0 replies
This significant rise points to a more balanced market with ample opportunities for buyers.Practical Advice and Actionable InsightsFor Buyers:Leverage Inventory Increases: With active inventory rising significantly for both single-family homes and townhomes/condos, buyers have more choices.
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22 July 2024 | 17 replies
With a few inquiries from auto dealers. they shared 3 months bank statement and cash app summary showing 10,000 per month coming and withdrawal as well as withdrawal so maintaining close to 0 balance.
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22 July 2024 | 20 replies
It has to be secured before we can close, the reason we have requested a 50% deposit and other balance paid once closed.
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22 July 2024 | 8 replies
Group insurance: Look for insurers offering discounts for insuring multiple rental properties or join a local landlord association to explore group insurance options.The key is to strike a balance between cost savings and maintaining adequate coverage to protect your quadplex investment.