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24 January 2025 | 8 replies
You should have a system for how the tenant puts in a request and what may be requested.
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22 February 2025 | 12 replies
CPAs (Certified Public Accountants)Role:CPAs are accountants who have gone through rigorous licensing exams and meet state requirements.Responsibilities:•Everything accountants do, plus:•Preparing audited and reviewed financial statements•Conducting forensic accounting and fraud investigations•Representing clients before the IRS in audits and disputes•Developing advanced tax strategies•Advising businesses on mergers, acquisitions, and financial structuringCredentials:To become a CPA, one must:•Pass the Uniform CPA Exam in Auditing and Attestation, Financial Accounting and Reporting, Taxation and Regulation, and a specialized area, such as Tax Compliance and Planning or Information Systems and Controls.
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31 January 2025 | 1 reply
There are really great REI opportunities in different markets - markets in the Midwest and Southeast of the country are particularly lucrative - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.
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26 January 2025 | 19 replies
Minor drawbacks, it needs a better phone support system, I use a VOIP.that connects with Zoho and could be better.
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10 February 2025 | 8 replies
Although I've stressed the importance of reserves, he is comfortable with his system.
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22 February 2025 | 29 replies
I understand the most people are not familiar with their system though.
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23 February 2025 | 14 replies
Your ability to be successful is less about knowing strategies, and more about knowing what result you need, what type of investor you are, and maximizing the results by having systems in place.
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22 February 2025 | 4 replies
I try to pay off all loans as fast as possible because I feel like money wasted on interest is overlooked sometimes as people only focus on the amount of money coming in rather than the amount saved.As of today, I'm just focusing on establishing the best systems to analyze the markets, find properties, get financing, make wise renovations, and manage my rental properties.
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31 January 2025 | 7 replies
Properties built with steel beams, both roofs less than 10 years, all heating systems under 5 years etc.
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8 February 2025 | 13 replies
These markets feature turnkey properties, such as new builds or fully rehabbed homes that are tenant-ready, with systems that still have about 10 years of life remaining and property management teams already in place.