Carlos Silva
Velocity Banking for paying off mortgages
13 January 2025 | 19 replies
I will give you my numbers since we are 3 years into Velocity Banking.Home was purchased at $410k.Interest rate: 3.125%30 year termMortgage payment is around $1950 (includes insurance and property tax)HELOC: 8.25% Variable rate - current rateCredit Limit: $97kLet's say I made $10k a month and our expenses were $6k each month including the mortgage.
Gary Campanaro
Housekeepers want 50% without Cleaning
9 January 2025 | 17 replies
I informed my cleaners that she did not need to clean on date of checkout.
Zach Howard
LLC - many questions, please help!
12 January 2025 | 2 replies
3) Any specific states you recommend to set up any of these (Not sure where I'll be purchasing property yet, maybe Detroit, maybe Cleavland, maybe Augusta, maybe Des Moines, maybe Saint Cloud, maybe Memphis...)4) I already have a LLC based in Hong Kong (We call them limited companies, but the principle is the same).
Chris Hertig
Tenant Living in Garage/Shop!
14 January 2025 | 4 replies
Send a Lease Violation Notice immediately - by mail with proof of delivery required (cheap date through post office) and or affix the notice in a envelope with his name on it on the door of the unit.
Ethan A.
Seeking advice: tenant violated lease with many cats
20 January 2025 | 7 replies
If it has significantly deteriorated, accelerate her move out date.
Tim Hem
Capital Gains and IRS Publication 523
9 January 2025 | 9 replies
Under IRS Publication 523 for 2023 dated February 2024, I qualify as "Service, Intelligence and Peace Corp Personnel" and for "qualified extended duty" (page 4& 5 - https://www.irs.gov/pub/irs-pdf/p523.pdf).
Bruce D. Kowal
Being clever when dealing with IRS and State at the same time
17 January 2025 | 1 reply
Here's why:The Multi-State Chess Game:• Client had properties in 3 states• Each state has different deadlines to assess taxes• Federal changes trigger automatic state assessments• Timing the response saved $45K in state taxes🏠 Real Estate Investor Pro Tip:States can't assess back taxes if their statute of limitations expires before federal changes finalize.
Rene Hosman
If you had one question for a professional Syndicator, what would it be??
21 January 2025 | 32 replies
Keep track of every property--the address, purchase price/date, sale price/date, profit, rent at purchase, rent at sale, cost to renovate, take before and after pictures.
Jorge Abreu
📚Kick off the New Year with These Book Recommendations!
23 January 2025 | 2 replies
It’s a remarkable story of resilience and pushing the limits of the human mind.
Al Jecius
Thinking of setting up a backyard wedding venue...help
16 January 2025 | 3 replies
We live just outside of city limits and therefore Coconino county.