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11 October 2024 | 17 replies
For example if payroll is 10k a week, have overhead, material bills, etc and multiple jobs waiting on payment theres potentially a six figure carry that adds up very very quickly..
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7 October 2024 | 1 reply
Take the GC test.
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8 October 2024 | 22 replies
Her trying to move the date around multiple times shows she can't stick to an agreement she signed.
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8 October 2024 | 6 replies
@Duy Xuan Do, if you do a 1031 exchange on the sale of your investment property you can buy multiple duplexes.
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12 October 2024 | 25 replies
Assuming a $2000/Mo starting rent and a $1700/Mo expense:Year 0: $2,000 x (1 + 8%)^0 - $1,700 ≈ $300: $5,000 / $300 = 17 propertiesYear 1: $2,000 x (1 + 8%)^1 - $1,700 ≈ $460: $5,000 / $460 = 11 propertiesYear 2: $2,000 x (1 + 8%)^2 - $1,700 ≈ $633: $5,000 / $633 = 8 propertiesYear 3: $2,000 x (1 + 8%)^3 - $1,700 ≈ $819: $5,000 / $819 = 6 propertiesYear 4: $2,000 x (1 + 8%)^4 - $1,700 ≈ $1,021: $5,000 / $1,021 = 5 propertiesWhile the above is over simplified, the concept is sound.Sufficient IncomeYou'll need income from multiple properties to replace your current earnings.
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5 October 2024 | 6 replies
Hey BP,Currently a partner 50/50 and I have a dozen properties under one LLC. Buying another 30+ units (7 seperate properties all in PA) and I’m going to split them up into 3 additional LLCs but wanted to add an addi...
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8 October 2024 | 3 replies
I have looked into multiple "Angel Investor" sites (invstr.com, pitchbook, askforfunding) as our company is growing and we need to secure funding before we turn loans away.
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4 October 2024 | 3 replies
Not that Zillow is known for it's accuracy, but I've found across the board that they multiply the listing price by 0.004180... every time all over the country that I've tested.
8 October 2024 | 5 replies
There has been multiple break-in's at the property, some of which have been burglaries and some have been squatters.
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7 October 2024 | 3 replies
Our property manager mentioned that they cannot collect rental income for one property and divide it between multiple SSNs.Here’s their suggestion: "They are operating a business, and the IRS considers it a partnership.