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14 November 2024 | 8 replies
Built-in accounting software, keeps track of everything better and helps for tax returns at the end of the year3. multiple payment options are usually available for residents4. maintenance requests all in one area, easier to keep track of and keep residents informed of the status5.
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16 November 2024 | 3 replies
Then additional expenses for virtual assistants, legal help, accounting, etc.
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15 November 2024 | 13 replies
@Andres Triveno, operating the LLC 100% means that we sign contracts and other documents as member or manager of the LLC instead of using our own names, we have a business phone instead of using our personal phone, we have a business checking account for business spend.
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18 November 2024 | 16 replies
@Philip Jones we've helped our clients do over a hundred.As some of the lenders posting have pointed out, the challenges are:1) Property value and corresponding loan size2) Appraisals have much better comparables than 5 years ago, but may still be an issue.3) Property condition can be an issue via the appraisal4) Ownership seasoning - most lenders looking for 6+ months or incredible documentation for cost of improvements made.5) Most DSR lenders require professional property management.Always try a small local bank or credit union, but most will expect you to transfer your business bank accounts over to them.
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14 November 2024 | 22 replies
You are not getting a loan in America unless you have a US bank account and address .
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17 November 2024 | 8 replies
If your DSCR has a prepayment penalty, you'd need to make sure you account for that penalty in the sales price to offset it.
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16 November 2024 | 32 replies
I report spam accounts and nothing happens most of the time there either.
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20 November 2024 | 37 replies
Account Closed absolulty I would in no way advocate second position or gap funding in any way.. for those that do not have extensive real estate and construction experience.
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18 November 2024 | 47 replies
I'm meeting with my accountant now.
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14 November 2024 | 24 replies
Basically at 20 years, investors would have 16 properties in RE portfolio, with approximately $14 - $24 Million in the account.