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23 April 2024 | 0 replies
- we have a separate business bank account that we could receive payments from - we have tracked all renovation costs and expenses, though they were done personally and not through the business
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21 April 2024 | 25 replies
Here are the important factors to consider for a house hacker of a 2-4 unit property when using the program:NACA’s eligibility requirements consist of the following:No member of the household can have an ownership interest in any other property at the time of closing,Occupy the home over the life of the NACA mortgageParticipate in five actions and activities a year and at least one prior to NACA Qualification and one prior to closing in achieving NACA’s overall mission of economic justice; andBe willing to abide by NACA’s terms of membership, participation, and eligibility.Occupancy requirement:At the time of closing, the house purchased with the NACA mortgage must be the Member’s only home.
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23 April 2024 | 9 replies
Ease of tracking expenses for me and accountants is the other major factor for me on the software.I'm hoping some experienced voices could provide a sanity check, but if we can thread the needle financially this would be a win-win-win at a time when money is only getting more expensive.
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22 April 2024 | 10 replies
Postcards can work, track your numbers, be specific with your data, have a process in place on how to convert these leads and you increase your chances.
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23 April 2024 | 14 replies
This can also help you understand all of the questions you mentioned, while helping establish a version of "track record" that can build investor confidence and trust in you.Finding LPs: what kind of LP do you want?
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22 April 2024 | 18 replies
Just open a new checking account and each month download the transactions as a CSV and use excel to keep track of the <10 transactions per month.
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25 April 2024 | 93 replies
.$5500 income Minus $550 (10% for property management that coordinated cleaners, some maintenance, restocking, communicating with guests which I took over eventually because I was much better / more invested in it.)Minus $300 for bills (water elec cable / internet gas)Minus $100-150 for each clean Remember you have a 5 bedroom house and your 15 guests just spilled beer all over the place, dirtied the **** out of the kitchen and all the bathrooms, tracked dirt in the house, and maybe smoked weed inside And you have to strip all the beds and sheets and everything and remake everything / restock everythingThat’s a 3+ hour job for at least 2 cleanersNow you can find cleaners that are cheaper, but will they do a half *** job and hurt your ratings (this is common in volume Airbnb businesses), be able to show up consistently and on off times (Friday at 11 am and then also Sunday at 11 am).
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21 April 2024 | 5 replies
We are interested in a specific property where we would live part-time and sublease it part time especially during track season.
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22 April 2024 | 5 replies
And true operators versus marketers posing as operators often have better track records and, because the ones I know are more likely to only find a few deals per year, they have far more demand than supply for their deals.Either way, I appreciate your thoughts and insights.
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22 April 2024 | 12 replies
PPI is the preferred measurement tracked by the Federal Reserve.But I loath merely tracking the inflation horse race like much of the media enjoys doing.