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13 July 2024 | 9 replies
How the above is answered can swing someone’s response significantly Biggest question is if you don’t need $ is the first question - is there a better investment out there right now?
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12 July 2024 | 5 replies
We translate all of the PM software data into their QBO(s) each month to show complete financials (property-specific & non-property specific transactions all in 1 software).The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.
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10 July 2024 | 12 replies
What's the hardest (or most frustrating) part of real estate investing for you?When I got into real estate investing years ago, I was told it would be mostly passive. I've learned that that's not entirely true. Inform...
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12 July 2024 | 16 replies
We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.
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13 July 2024 | 9 replies
We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.If you want to discuss any of this further, I'm happy to answer questions and help walk you through it.4) I'd recommend a PM software for this.
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15 July 2024 | 26 replies
That's the only downside to the single LLC that I can see.
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10 July 2024 | 12 replies
Downside is that again it is about 2 hours away.
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11 July 2024 | 6 replies
As for working with subsidized housing programs the biggest thorn I have encountered is they require a property inspection that the unit must pass to be deemed eligible for voucher funding.
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11 July 2024 | 0 replies
What are the biggest challenges you face when researching potential investments?