22 August 2024 | 8 replies
How does one get airbnb not to collect taxes on mid term rentals?

23 August 2024 | 14 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

21 August 2024 | 0 replies
We're thinking for incoming leads a google voice number, website to collect seller information, and an acquisitions email address through our google domain.

22 August 2024 | 5 replies
My mortgage would go up $781 for the next 30years, the ADU income would more than cover & I hope to pay extra principal to cut my loan time -it's just I was hoping to pay off ADU within 5.5yrs- so that I can collect 'all' ADU income at that point <I'm fixed income & I lose 'some' personal income in 5yrs so trying to plan ahead on how to recoup that>.

22 August 2024 | 29 replies
[The property manager we work with has a $250 start-up fee, 8% of the collected rent, and a $300 tenant placement fee.

21 August 2024 | 7 replies
This also comes with advantage of anonymity of owner and address.3) Operating LLC (Y) will be a single member Wyoming LLC and works as a Property Management responsible for day to day operations such as collecting rents, making mortgage/insurance/HOA payments etc on each LLCs (A,B,C) behalf.

20 August 2024 | 2 replies
Bought in June 2022 and closed in October 2023.And keep in mind, we’re full time Realtors, not full time flippers lol.Also, we were under the impression if we switched out some light fixtures and some lighting, then we didn’t need an electrical permit.

19 August 2024 | 3 replies
I have an eviction in process in Madison county IL (southern IL). Tenant did not pay May, June, July, or August. $1550/mo. Had court date 8/1, they no showed, so we have default judgement. Supposed to be out by 8/13, ...

20 August 2024 | 9 replies
I'm excited you started this conversation because I was also under the impression that it was better for Canadians to form some kind of corporation to hold their US investments.

20 August 2024 | 2 replies
This can be an extremely time-consuming and frustrating process but needs to get done.Borrower Calls – Once the servicer finds your borrower, they’ll make scheduled collection calls notating what transpired and what actions need to be taken.Collection Letters – A variety of collection letters are mailed out based on the delinquency of the borrower.Borrower Statements – Print and mail out monthly borrower statements.Incoming Funds from Borrowers– Any incoming funds from the borrowers will be received, recorded, and distributed to the investor, less the servicer’s fees.Year-End Tax Information – At the end of the year, the servicing company will print out all eligible borrowers who have made interest payments greater than $600.