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7 December 2024 | 150 replies
We meet each other face to face, talk weekly...sometimes daily, and grow our abilities and knowledge by learning, conversing, networking, and supporting each other.We aren't out to beat each other up, we all genuinely want to learn, support and motivate each other to be successful in the business we all chose to be in.
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14 November 2024 | 2 replies
Typically, HUD charges a daily fee for extensions, which varies depending on the property type and the number of extensions requested.To request an extension, contact your HUD representative or the Asset Manager handling the sale.
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15 November 2024 | 6 replies
Some people don't have financial situation, nor have the bookkeeping to track or maintain it.Again, I personally find it very stressful just thinking about living that way for the life of the loan keeping the lowest daily balance possible.
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18 November 2024 | 13 replies
Problem with many of them I see this far north is November thru March they kinda sit or you have to discount the daily rate so much that you only might break even.
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14 November 2024 | 5 replies
My goals would be to increase monthly cash flow and have more access to the property's equity for things like Cap Ex, etc....Here's a blurb from a lender's website:"By combining banking functionality with home financing into one dynamic instrument, borrowers are able to save tens of thousands of dollars and years off their loan""Designed after popular programs around the world, the All In One First Lien HELOC is the nation’s first transactional offset type-mortgage program.Home financing and banking combined:Deposits lower your loan’s principalFunds remain available for expensesInterest is calculated on the average daily balanceThis lowers the monthly interest paymentsTens of thousands of dollars can be saved over the life of the loanMortgage freedom can be achieved in half the time or less
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18 November 2024 | 15 replies
They are strictly taxation.If you are setting up a trust, you should get a CPA.Find a bookkeeper for your daily driver, if you find one that focuses on real estate, then during year-end your CPA won't charge you an arm and a leg.
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18 November 2024 | 24 replies
One of the easiest ways is checking off market Facebook groups in your target market where a lot of deals are posted daily.
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15 November 2024 | 7 replies
We see so many different entity structures for rental portfolios in our REI Bookkeeping Firm.Ensure it's simple enough for you to easily abide by the structure in your day-to-day operations (which your question is getting at).We've had bookkeeping clients with complicated structures that apparently protected them to the maximum degree but they didn't abide by the structure when conducting transactions in their business daily (lots of unintentional commingling).
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6 November 2024 | 2 replies
I had a guy come to one of my houses recently and he said the situation improves once moisture is removed.
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11 November 2024 | 16 replies
I have come so far (daily personal Finance sheet, opened a small business, bough a home, and utilized as many tax strategies as best I can), yet I still feel so far from my freedom.