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13 January 2025 | 11 replies
I'm looking at small multifamiles and won't have an issue with capital thankfully.I am in Arkansas and looking to stay local-ish initially.
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26 January 2025 | 0 replies
I financed this deal on a 30yr conventional loan and I put 11,000 down with a 6.625% interest rate.
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18 January 2025 | 8 replies
What are your Loan terms and P/I relative to the cashflow after taxes?
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23 January 2025 | 10 replies
I was considering having a lawyer draw up a baseline loan doc and make tweaks to it on a per loan basis.
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4 February 2025 | 24 replies
Many investors use new construction loans or bridge financing before refinancing into a long-term DSCR loan.
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28 January 2025 | 6 replies
It works with small multi family properties.
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24 January 2025 | 6 replies
Doing so will seperate your investments from your personal assets and protect you from liability. also, one thing you may not know is that you cannot get a conventional loan with an LLC.
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27 January 2025 | 17 replies
I know how to use the basic features of QBO, as I do my own expense tracking, but my Bookkeeper is needed for the more complex entries (Loans, capital balances, reconciliation, data entry from PM monthly statements.)I spend almost 8k per year in QBO and Bookkeeping costs (Not including my accountant or tax prep.)
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13 January 2025 | 7 replies
Bigger Pockets is a great place to find a real estate tax accountant.A 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.
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13 January 2025 | 15 replies
This reduced time spent on mundane tasks - answering investor questions, sending out loan information, handling loan inquiries etc about 80%. 5.