
30 December 2024 | 16 replies
IMO a big reason why so many people are hurting right now is because the underlying asset only makes sense using this one strategy STR.

21 January 2025 | 35 replies
Because it's my money, I care more (I get 92% of the revenue, PM only 8%, and PM team member near 0%), I only had my units to manage (PM team member has other owners and units), and, with humility, I am smarter and harder working than the team members assigned to my portfolio (3rd party PM has to hire at a level that makes the business model financially work for them).

3 January 2025 | 7 replies
If you have a lot of equity and little cash flow, you may be better off liquidating that asset and reinvesting elsewhere.

31 December 2024 | 0 replies
This is an alternative approach for newly constructed buildings.RESIDUAL ESTIMATION APPROACHThis approach determines the cost of short-lived assets, such as 5 or 7 year property and subtracts them from the total project cost.

21 January 2025 | 74 replies
I'm totally confident in my new financial famiy...

31 December 2024 | 7 replies
I am a newbie in this realm and looking forward to learning all I can in this endeavor of becoming financially independent.

5 January 2025 | 18 replies
So while cash is necessary to keep the property afloat, I invest more for the appreciation of the asset.

27 December 2024 | 3 replies
That would result in both a transfer of cash and associated journal entries.If my LLC doesn't have a bank account and I've been tracking its assets in my accounting ledgers only, moving money for the sake of moving money would seem strange (and suspicious).

30 December 2024 | 6 replies
@Greg StrunakA good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

31 December 2024 | 3 replies
Thankyou @Paul Azad, the relationship between Monday and RSN was described as a joint venture, meaning both groups would be responsible, and actively involved, in asset management and decision making.