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30 November 2024 | 9 replies
Apparently they handle all property repairs and maintenance independently and have maintained a perfect payment history, even throughout the pandemic.Lease Option Agreement:Effective Date: November 1, 2022Terms:Purchase Price: $165,000Non-Refundable Down Payment: $10,000Lease Term: 3 years (ends October 31, 2025)Final Payment: $158,000 balance due upon term completionMonthly Payment: $1,150 (no rent credits)I didn't see this to be a deal because if in a the best case scenario my $25000 would walk away with 2400 which is about a 9% ROI.
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29 November 2024 | 2 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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21 November 2024 | 2 replies
Anyone on here have some tips on how to best use LinkedIn?
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1 December 2024 | 377 replies
Do you have any tips how you obtained the phone numbers online from the MF property list you got from Listsource?
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28 November 2024 | 1 reply
If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.
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27 November 2024 | 10 replies
@Stephen SmithWelcome to the community and be ready for a huge amount of information at your finger tips.
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21 November 2024 | 3 replies
Credit agencies ding you for having a statement balance.
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27 November 2024 | 9 replies
FHA is only really the better option for poor credit - otherwise a 5% down conventional loan is cheaper and less stringent.
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6 December 2024 | 12 replies
Does paying with credit card, venmo, paypal etc.......still allow you to NOT SEND 1099s?
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26 November 2024 | 14 replies
Welcome to the community and be ready for a huge amount of information at your finger tips.