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6 November 2024 | 12 replies
For $30 they will push it out to another six websites for a month.For someone with only 1-2 rentals, you could create accounts at all these websites and manually enter your listing.
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7 November 2024 | 18 replies
@Thomas Fredella I have never heard of them either but I would be hesitant to join anything when there is tons of free RE information available out there, including BP.The one great thing about paying a ton of money to a group or guru, however it is a way to keep you accountable.
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6 November 2024 | 18 replies
We used Appfolio to manage all of the accounting but none of the marketing.
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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6 November 2024 | 54 replies
A recent study from Rentcafe found that Milwaukee is the third most competitive market for renters in the US, ahead of NY.
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1 November 2024 | 48 replies
I have bookmarked, and shared this thread with many accountants who don't know much about STRs
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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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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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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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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.