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24 September 2024 | 8 replies
I read somewhere that Unincorporated areas like Lealman doesn't have great returns so I want to ensure Bay Pines unincorporated would do better or is there another area to consider?
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24 September 2024 | 8 replies
I would also recommend ensuring you have a title company do thorough title due diligence and get title insurance.
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24 September 2024 | 8 replies
We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.
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24 September 2024 | 2 replies
It may also be useful to consult with an expert to ensure the terms align with both parties' goals.
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24 September 2024 | 2 replies
How can you ensure your property stands out?
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24 September 2024 | 2 replies
Analyze your deals carefully, ensuring the property generates positive cash flow and returns on investment.
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24 September 2024 | 11 replies
Hey @Isaiah Cortez, speak to an REI-savvy attorney who operates in FL (doesn't have to be located in FL but should know state-specific rules/regulations/laws).We see so many different entity structures for rental portfolios in our REI Bookkeeping Firm.Whatever you decide, ensure it's simple enough for you to easily abide by the structure in your day-to-day operations.
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25 September 2024 | 9 replies
To prevent interest from being subject to SE tax and keep it classified as portfolio income, you can limit your level of active involvement and ensure the interest is incidental to your business, rather than the primary focus.
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26 September 2024 | 12 replies
Once that deadline is broken, I do not give that same renter another chance.You need to really think this through, develop a policy, and run it by an attorney to ensure it is legal and makes sense.
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27 September 2024 | 44 replies
They follow up to ensure you're clear on the next steps.Post-sign-up (onboarding) is where things start to come undone.