
15 December 2024 | 25 replies
Will just have to upgrade every 3 years as Intuit closes down certain things such as the ability to connect bank and credit cards.

9 December 2024 | 2 replies
Quick tips…✅ Everyday Homeowners - track all home improvements as you could qualify for energy efficiency home improvement credit - new exterior windows, new central A/C, new hot water heater, new insulation material.✅ Investors - Keep detailed records of ALL rental property expenses to reduce your taxable income - helping your CPA spot additional tax saving opportunities.Imperative to use a CPA who is well versed in Real Estate tax code.My CPA is just that - DM me to get his contact information....

4 December 2024 | 18 replies
When you start "picking" tenants or doing favors or acts of kindness for tenants is really when you can get yourself in legal trouble.

5 December 2024 | 20 replies
Always be in front of the contract and prioritize where you're buying and entry price. lf all those are three in your favor, you have a lot of leeway with some of the normal but difficult parts of a fix & flop/hold.

7 December 2024 | 7 replies
You also don't need to send them if you paid with credit cards or via intermediaries like PayPal Business.

9 December 2024 | 6 replies
I know some mentioned about developing banking relationships and I totally agree with that, so here is what you do. 1) Open a business checking account in the name of your LLC to hold the assets. 2) Deposit your cash into that account to fund the real estate purchases3) After owning for 60-90 days, talk with a local lender about a line of credit against the 2 properties at 60% LTV. 4) After about 30-45 days, have the line open to use if you need that liquidity that you used, but until then you are not paying 7% interest on nothing.
8 December 2024 | 3 replies
Get your credit cleaned up, ditch the car payment and find a side hustle to grow capital.

7 December 2024 | 9 replies
I would imagine the neighborhood has favorable appreciation.

10 December 2024 | 7 replies
I have the credit and will be funding and backing the loan.

3 December 2024 | 10 replies
Cash flowing at 5% down was possible about 3 years ago—but that ship may have since sailed.Now, you’re left with two options: you can either pony up more cash per deal, or you can potentially look out of state for markets with more favorable rent-to-price ratios.Or…you can wait for rates to decline, but I don’t know how much a 100 or 150 basis point rate cut in the next year will really move the needle.That said, some firms (usually new construction companies, turnkey providers, etc.) will enter into forward commitments with lenders at institutional rates and then pass cost interest rate savings onto end buyers to entice them to purchase a property.