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27 September 2024 | 11 replies
(This structure may provide a comfortable explanation to the lender, while still keeping your asset strategy in place)After you form that entity, then you should wrap the holding corps and trust for protective purposes
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24 September 2024 | 6 replies
While I tend to lean toward building rapport early, I also understand that not every seller needs or cares about that.That said, I do think there are some sellers who care about more than just the money, they want to feel appreciated or comfortable with who they’re selling to.
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25 September 2024 | 37 replies
We started the process with her lenders saying that we could do anywhere from 65% LTV to 75% LTV pretty comfortably with a minimum loan amount of 75K.After starting the loan process, I learned that the lenders this MLO was working with were only offering 100K minimum.
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23 September 2024 | 5 replies
ADU providers (designers, developers, etc) state the appraisals have not caught up with the true value of he ADU.
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24 September 2024 | 8 replies
I also have a world class designer on my team that helps get these kind of properties from the average $60-$75k/yr range to over $100k/yr range (for 3bd homes; more the bigger you go).
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24 September 2024 | 15 replies
Most “service dogs” are not service dogs, just like most folks parking in designated handicap parking places are not legitimately handicapped.
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24 September 2024 | 8 replies
Entities that are not "disregarded" need their own QBO to ensure their balance sheets remain 100% accurate.We do run into an issue every now and then with some transactions that don't allow us to designate the customer/property but we've found ways to get around this and still have the transaction reflect the appropriate customer/property.This allows us to pull all the financial reports our Clients and their tax pros need to see.I'm in no way saying our way is the end-all-be-all but it works for us and our Clients' tax filers/advisors.There's a FB group called, "Bookkeepers for Real Estate Investors".
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24 September 2024 | 8 replies
The more I have researched the area, the more comfortable I am to actually do it.
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25 September 2024 | 13 replies
You also have states like Indiana, Ohio, Florida, Nevada, all depending on your comfort level in distance or rental type.