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6 November 2024 | 18 replies
We used Appfolio to manage all of the accounting but none of the marketing.
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31 October 2024 | 2 replies
It sounds great, but it's all just words at this point - speaking from the experience as both an operator, broker, as well as someone that has experimented first hand with different tools.
5 November 2024 | 5 replies
I am concerned about the implications of transferring the property into an LLC, especially since I have a favorable mortgage rate that I would prefer not to jeopardize.Would it be advisable to establish an LLC, obtain a PO Box, and open a business account without transferring my current property to the LLC?
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2 November 2024 | 11 replies
This strategy allows you to build equity, manage your property firsthand, and generate cash flow simultaneously.
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6 November 2024 | 22 replies
If you have any accounting questions, please feel free to reach out as I have extensive experience working with foreign nationals in the US.
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7 November 2024 | 13 replies
@Marizel AshbyBelow are the top things I will recommend you focus on if you don't have at least $30,000 in your bank account or you don't have access to that kind of cash from other sources:1.
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6 November 2024 | 12 replies
The reason I say this is a double close, is because we would require the seller to be open to seller carrying the amount that we helped cover as a second note against the property.Ex. 1st transaction: DSCR covers 70% we help cover the remaining 30%.......close transaction.2nd transaction: Title opens a second escrow account and creates a 2nd lien for say 40% against the property so we can get our funds returned.
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9 November 2024 | 27 replies
show up later to comment on my questions, but the FB group is pretty stale.When you join, you get a private accountability coach.
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4 November 2024 | 34 replies
To me, any liquidity qualifies: bank letters, bank statements, stocks in an investment account that covers down payment, etc.Today, I got a letter from a hard money lender saying the buyer is approved for 1/2 the listing price of the property.
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5 November 2024 | 9 replies
I have liquid funds ready, but I want to make sure this is worth my time compared to the 5-6% cap rates I've seen on multifamily units in South Florida, which are close to what I already get from CDs and high-yield savings accounts without the hassle of property management.I'm also hesitant to invest out of state since I'm new to real estate and don’t want to make a costly mistake.