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7 July 2024 | 9 replies
Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.
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8 July 2024 | 5 replies
Your trusted contractor says he can do it for $65K so you grind him until he's at $45K or half what you hear is typical.
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7 July 2024 | 7 replies
Easiest way to look at this generically would be:Proposed mortgage payments + any other monthly payment you haveYour monthly income + 75%*long-term rentsThis always needs to be less than 50%, and of course other factors would influence your ability to qualify but this hopefully will give you a way to guesstimate the feasibility.
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8 July 2024 | 20 replies
I also try to limit JEs where I can but sometimes it's the easiest route to the same result just not as clean haha I'm wondering though if you use the bank feed to split those transactions, won't the cash balance show specific to that property?
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9 July 2024 | 21 replies
About half my rentals are C-class and rented to people below middle-class.
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7 July 2024 | 89 replies
If you are married and you buy a new house together do you tell people "I just bought this great new house" or do you tell people "I just bought half a house", or do you say "My partner (wife) and I just bought a great new house"???
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6 July 2024 | 16 replies
Hello BP community,I am currently about half way through my 1st Flip or what I thought i was going to flip.
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8 July 2024 | 27 replies
I'm half way through "Start Your Own Corporation" and it's a real eye-opener.
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7 July 2024 | 27 replies
IF on your first purchase, you only use half of your eligibility, you can use the OTHER half on the next purchase.
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7 July 2024 | 11 replies
When he went to draft up the contract he made it a Confessions of Judgement contravr in which I waive all my rights and if any of my "associates or friends" talked about him I'd have to pay half a million per offense, and he could easily claim a violation happened that never did to collect half a million dollars and I wouldn't be able to do anything about it.He consistently threatened me with legal action into trying to get me to accept that crazy contract.