Samuel Gebretnsae
Seller said "He is not required to disclose water damage repair done"
8 January 2025 | 27 replies
I can't name a single state that requires the disclosure of insurance claims.
Abhijit Roy choudhury
FINCEN requires Beneficial Ownership Information filing JANUARY 1, 2025
27 December 2024 | 4 replies
Quote from @Abhijit Roy choudhury: Financial Crime enforcement Network, requires reporting of Beneficial Ownership Information filing by 01/01/2025.Does this apply to us, Rental LLC owners.
Andy S.
Yearly Gross Income Requirement for Rental Application in New Jersey
31 December 2024 | 3 replies
So, I also require that :Monthly Rent + Monthly Debt Payments <= Gross MONTHLY Rent * 45%This is similar to how mortgage qualifications work by considering the applicants' debt loan along with their housing cost in relation to their income.
Joshua Houchins
Accounting Software?
9 January 2025 | 16 replies
Advanced QuickBooks ProAdvisor was introduced in 2007, to get certified the requirement was: one had to be certified for 3 years in a row and had to attend 2 day in person and online courses.
Matthew Beninate
Business Bank Accounts
1 January 2025 | 13 replies
It’s online only but purpose built for business owners and they have automation for those applying the Profit First cash management system.
Mike Miller
Any Cloud Brokerages that Do Not Require You to Join a MLS?
14 December 2024 | 36 replies
In California the DRE does not require you to join any association.
Adam Macias
Wholesaling as it is today will be a thing of the past.
4 January 2025 | 3 replies
Quote from @Adam Macias: Wholesaling as it is today will be a thing of the past.It’ll truly be strange to even hear people and gurus trying to make big money off it.The more people try wholesaling but then end up not having an end buyer or cancelling contracts or trying weird things like novations, the more all of real estate will be regulated and cause requirements like licensing to be able to transact more than just your personal resident purchase.Which I don't know why hasn't happened sooner.Here's all the states (in red or yellow) requiring a license to wholesale or at least have started the process:Credit: REITipsterI think licensing and regulation is a beautiful thing that should happen if you plan to be an wholesaler and do more than one deal... which is going to be the case for anyone taking this business seriously.Or even it being regulated to need a real estate agent to do more than one deal outside of buying a personal residence.I've had plenty of failed attempts with agents in pursuit of wholesale deals and I know exactly why, it's not because the agent couldn't find me deals, it's just not practical to think there's opportunity for the numbers a wholesaler needs to make a profit on top of everyone else needing to these days.Because the only sellers who truly can sell at a deep enough discount are usually those who ran out of time and just didn't do something sooner with their situation.I know many coaches and gurus will disagree with me but there’s no regulations on youtube gurus and what they teach either.If we look at the current state of the market in hot cities, the availability of online resources to the average homeowner, how many deals can you possibly believe are available at 70% of ARV?
Jared Fisher
Cleveland Property Manager Recommendations
9 January 2025 | 8 replies
If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.
John Fleming
Property Management Reccomendation
9 January 2025 | 2 replies
If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.
Beau Wollens
First time fix and flip opportunity in Stamford Connecticut - Total Gut Renovation
7 January 2025 | 9 replies
I have been told by a contractor that the foundation of the building is intact, so it does not need to be torn down but requires a "gut renovation down to the studs."