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21 August 2024 | 18 replies
We also do all the integrations for you as far as your marketing tools (Cold calling dialers like CallTools, websites like Carrot for example) as well as provide great customer success training showing you and your team how to use the system.I'd be happy to do a screen share meeting to show you or anyone on the the thread around and see if its a fit for you at this point in time
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21 August 2024 | 18 replies
If you’re working with a tax professional ask them to do a tax projection for you with one scenario assuming you sell all 5 today and the other assuming you only sold 2 today.With the tax projection you’ll now have a good estimate of what your tax situation will look like and can make decision based on that.Maybe you can consider selling your portfolio and doing an installment sale, this won’t help on the depreciation recapture but it would help spread the gain over multiple years.Each strategy has pros and cons, if you want to rip the bandaid off an be done cold turkey (or warm turkey if you’re into that) there most likely will be a large tax hit but less headache holding them longer.
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20 August 2024 | 2 replies
This can be an extremely time-consuming and frustrating process but needs to get done.Borrower Calls – Once the servicer finds your borrower, they’ll make scheduled collection calls notating what transpired and what actions need to be taken.Collection Letters – A variety of collection letters are mailed out based on the delinquency of the borrower.Borrower Statements – Print and mail out monthly borrower statements.Incoming Funds from Borrowers– Any incoming funds from the borrowers will be received, recorded, and distributed to the investor, less the servicer’s fees.Year-End Tax Information – At the end of the year, the servicing company will print out all eligible borrowers who have made interest payments greater than $600.
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21 August 2024 | 7 replies
Congrats on your success, that's absolutely amazing and extremely unique, especially spending college nights working on your properties!
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20 August 2024 | 4 replies
Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
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22 August 2024 | 31 replies
I think you'd have an extremely hard time attracting that unless you had a decent sized company with years of experience managing big money.
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21 August 2024 | 5 replies
In terms of the Des Moines market, finding a multifamily in the $100-$150K would be extremely tough.
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19 August 2024 | 46 replies
I have made numerous clients extremely wealthy.
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20 August 2024 | 11 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.PM us if you’d like to discuss this logical approach in greater detail!
21 August 2024 | 182 replies
Quote from @Susan Maneck: There is a strategic blue-print on how to usurp a democracy too Communism detailing this; "Rules For Radicals" that if you read should shoot a cold chill down your spin as it details blow for blow exactly what's been happening for years, and what it's all leading up to becomes obvious as well as true intents.