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15 August 2024 | 2 replies
It's amazing to see the next generation take an interest in building wealth and understanding the power of smart investments from such a young age.
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20 August 2024 | 452 replies
Are you required to generate income though?
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14 August 2024 | 64 replies
You can use our custom CSS.
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15 August 2024 | 7 replies
I understand that a rental listing will not generate as much as a sale would, but I think a minimal standard should exist (especially since I plan to buy properties in the future).
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14 August 2024 | 1 reply
To make sure the land/property generates some kind of income until then, we've tossed around land leasing for cattle or a glamping site.Advice needed:1.
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15 August 2024 | 4 replies
Hi @Nitin Gove,I use QuickBooks for bookkeeping and generating monthly financials (Revenues, expenses, etc.).
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14 August 2024 | 33 replies
Their customer service is only slightly better than Zoom.
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14 August 2024 | 6 replies
And, even if you could find an appraiser to do an evaluation, it's not clear how that would help you.As you state, the motel has been shut down for nearly three years, so there's no current financial data.But even if you had recent numbers, you're planning to operate it as a sober living facility, which I suspect is a very different business model.You need to find a comparable facility in or near your local market and develop your own customized financial analysis model based upon this particular property.Then, given your business objectives (cash flow and cash-on-cash return, I assume), you'll need to back into what purchase terms you'll need to achieve those objectives.Only then will you be able to determine whether these seller financing terms will work.As far as documentation to get started, a letter of intent (LOI) is commonly used but you might move straight to a purchase and sale agreement, particularly if no agent is involved.Whichever path you choose, just be certain to give yourself plenty of time to thoroughly perform your due-diligence.
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15 August 2024 | 10 replies
Since they are public numbers theres absolutely no protection for us from fraud.When submitting my accord for proof of insurance that goes directly from carrier to customer, not through my hands, unfortunately people have committed fraud with that number too.
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14 August 2024 | 7 replies
However, text message marketing requires adhering to specific guidelines and best practices to remain compliant and avoid facing SPAM complaints and/or potential lawsuits.Those who do not comply with the strict SMS guidelines and regulations can not only face angry customers, suspension from messaging platforms, and unwanted legal action.