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24 July 2024 | 8 replies
Title, appraisal, recording, insurance fees have the same floor of minimum costs.
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24 July 2024 | 14 replies
I'll sound like a broken record, but STRs definitely hold a lot of hidden costs and regulations.
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24 July 2024 | 11 replies
Quote from @Emma Campbell:If we have a Lowes business pro account, and in Month 1 we buy $1000 of materials for properties in 3 different LLCs, it sounds like manual effort is needed both to pay off the $1000 balance by making payments from each LLC's bank account for the amount it owes, and then a separate manual effort to record and assign the expense transactions in the bookkeeping software.
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23 July 2024 | 4 replies
Be the bank and new builds continue to be my go to.. and with new builds our profits are at record levels so happy about that.
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23 July 2024 | 2 replies
You would have ongoing filing requirements with the State and would need to keep business records and documentation.
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22 July 2024 | 17 replies
definitely. i have got the details from them for their existing landlord. however, that name does not match the owner on the city tax office property records. and they have confirmed that they provided the landlord's details, not the property manager's details.I believe that should match or it is possible to not match?
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24 July 2024 | 30 replies
It comes down to the landlord keeping good records and following the laws correctly.
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22 July 2024 | 2 replies
I’m aware that getting money back is less likely, but I’d like to report them and put it on their record.
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22 July 2024 | 10 replies
I think wholesaling started out as someone exploiting a "blind hole" in the existing real estate process....eventually, enough people felt they got scammed and made some noise.The handful number of deals I listed from a wholesaler were enough to convince me that I don't want to list a property brought by a wholesaler...they don't yet own the property, and they try to make money off the ignorance of the "owner of record".
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21 July 2024 | 4 replies
The government grossly overstimulated the economy, increased the money supply by 40%, and caused record inflation (in housing, food, energy, everything).