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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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18 November 2024 | 47 replies
I'm meeting with my accountant now.
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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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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.
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14 November 2024 | 10 replies
A great resource to explore would be the NARPM accounting standards.