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17 July 2024 | 7 replies
As for 'everything must be done through the LLC' - your property insurance must be covering the LLC (not you personally), your bank accounts that you receive rent and pay bills out of must be in the name of the LLC, your utilities must all be in the LLC name and not your own, etc.
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16 July 2024 | 1 reply
Make sure to utilize all the great tools BP has to offer, along with networking and joining local groups.
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18 July 2024 | 20 replies
I’ve actually utilized the BRRRR method a handful of times with great success.
16 July 2024 | 2 replies
(If you can't get in the door on your own merit... maybe you shouldn’t be doing this.)Encouraging students to utilize his private Facebook group members to post fraudulent reviews for other students websites in order to boost their search results and by doing so intentionally misleading sellers as to the students knowledge, skills and ability to closeInstructing investors to deliberately target and befriend nursing and assisted living home staff in order to gain their complicity in preying upon patients and residents. ....
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20 July 2024 | 28 replies
I believe Ai is going to help those who are going to utilize it for there benefit and yet at same time make alot of people obsolete who does not want to change themselves or there skillset and and are not open to change.
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17 July 2024 | 11 replies
Also you guys should know, business credit utilization does not report on your personal credit!
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16 July 2024 | 1 reply
Assuming the property is equally owned 4 ways (25% each) you could have the property appraised for confirmation of value: $1.8M/4 = $450k/share x 3 = $1.35M could be obtained as a cash out refinance, potentially utilizing a healthy portion of the STR or projected STR income to qualify.
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16 July 2024 | 0 replies
Properties that utilize STR income to qualify.
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16 July 2024 | 8 replies
I also have a local bookkeeper, QBO, Bill.com & generate owner statements in OwnerRez.We currently have 23 properties under management and am utilizing trust accounting to the best of my abilities (although we are not required to in our state) but everything is really inefficient when it comes time to do monthly reconciliation and distributions.
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16 July 2024 | 3 replies
I utilized (and maxed out) my credit cards to afford the materials necessary to renovate the apartments (I know bad move) therefore I cannot acquire a loan of any sort to fund the initial funds necessary to acquire a hard money or DSCR or rehab loan.