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9 January 2025 | 43 replies
And if you do upgrade, you get an additional $50 in your wallet.To get access to these benefits, you will have to link your BP Pro account to your Invelo account.
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18 January 2025 | 8 replies
deposit to account xxx?
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29 January 2025 | 3 replies
Quote from @Pamela Rivas: Hi Natasha,Here are some key points to consider about setting up a Mexican corporation:Setup Costs: $1,500–$3,000 USDOngoing Costs: $1,000–$2,000 USD/year (accounting and tax filings)Benefits: Tax deductions for expenses like maintenance, repairs, and managementBest for: Multiple properties or income-generating investmentsWhile a corporation is ideal for managing multiple properties, it’s NOT required to obtain an RFC.
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17 January 2025 | 11 replies
I understand that I need to account for taxes, insurance, and other costs—Should I go with a LML and then do a refi later on?
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24 January 2025 | 1 reply
I own the property free and clear and i use the equity as part of my business line of credit.
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27 January 2025 | 17 replies
I do all accounting for properties and company in Rent Manager.
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19 January 2025 | 9 replies
I can buy a 2-4 unit with 20% down vs conventional can only buy a 2-4 INVESTMENT property with 25% down 4. there are options where DSCR loans dont repot to personal credit, helps in not having to show a bunch of paperwork or not one person in a partnership has to carry the debt5. way less paperwork to close on this loan type vs a conventional loan. we care about the income of the property you're buying and it's ability to service the debt of the property whether we use long term rents income, lease income, or air dna/bnb income.6. easily buy in partnerships, add people to your operating agreement, its as easy as that so bring partners into a deal. helps with scaling and raising capital or getting partners involved7. gift funds allowed to close on these as well, and like I said earlier, there's only a 10day seasoning period of funds with some lenders so that means you can literally have a private money lender deposit money into your account 11 days before closing, and you can use those funds to close!
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30 January 2025 | 47 replies
And Scott's answer would be: because no one who wants to buy a house in those areas has 40,000-50,000 cash sitting in their bank accounts.
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29 January 2025 | 9 replies
To make taxes easier we set up a business checking account and had all the rent paid into that account and all the expenses paid out of that account.
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31 January 2025 | 12 replies
Keep in mind this is a self-directed account and most are not.