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9 November 2024 | 9 replies
More bank accounts will require more accounts to be connected to your accounting software.I personally don't like to have a checking account and savings account for each property(If you have 10 properties, that means 10 checking accounts, 10 savings accounts, 10 account numbers to remember, 10 checkbooks, 10 debit cards, etc)However, it will make using the class function easier when you do your books.Best of luck.
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7 November 2024 | 4 replies
A rather unconventional approach.... but I’m looking for a multi-unit (preferably 3/4 units but would consider up to 6 units) in Burlington Ontario or Oakville Ontario.
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11 November 2024 | 3 replies
I obviously can't pick and choose what score to accept due to the Land Lord tenant act laws.
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13 November 2024 | 5 replies
This will help direct your search to the right areas, property types and price point.If you're purchasing all-cash, skip that step.Depending on your goal and preferred timeline for closing, the majority of your time should be spent searching for and analyzing deals.Searching: Look at public listing sites; connect with an investor friendly agent and choose 1 to work with who can search MLS and off-market inventory; for additional off-market options, consider growing your own database of wholesalers and homeowners Analyzing: Your agent can send comps and you can also search public listing sites for sold homes.
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14 November 2024 | 16 replies
I’m forming an LLC to purchase these investments and plan to use commercial or portfolio lending.I’d like to avoid properties with HOAs, large multi-family units, or extensive renovation needs, and I’m primarily interested in properties with good appreciation potential.
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13 November 2024 | 7 replies
Before that I was a Framing contractor and worked for a multi-family marketing company.
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14 November 2024 | 9 replies
I didn’t think it was tenants because it’s a multi unit property so not sure who would cover all four.
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12 November 2024 | 10 replies
Quote from @Sandeep K Mamidi: We have over the years bought and sold several rental properties in FL, AZ and TX (Pretty Passive)Want to become more active with Flips and grow our wealth using innovative strategies and expand into Multi Family Real EstateCongrats.
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10 November 2024 | 0 replies
I added value to the deal by strategically investing $15,000 in targeted renovations, including modernizing the decor and enhancing the property’s appeal with stylish finishes and functional updates.
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13 November 2024 | 4 replies
Banks often have higher fees and less favorable rates, while online services like Wise offer more competitive options.As @Ryan Konen mentioned, other alternatives include Revolut for multi-currency transfers and OFX for large transfers without limits.