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24 February 2025 | 1 reply
Purchase price: $325,000 Cash invested: $80,000 Good sized three family property with small lot on fairly busy main road.
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21 February 2025 | 4 replies
Hello Gagan, Some important tools and resources I incorporate into my business to help finding deals is to network with local investors.
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23 February 2025 | 13 replies
.$847 in the bank699 Credit Score133% revolving utilization/over the limit maxed out personal credit cardsQuite a bit of other high interest debt/loans borrowed during the first year in business$3,580,000 Appraised Portfolio Valuation$2,139,400 DSCR Mortgage Debt in my LLCs$1,440,600 Equity (Appraised Value-Mortgage debt)8 Remodeled SFRs1 Converted Remodeled Duplex2 SFR Remodels currently in process2 Apartment Buildings - 13/14 units occupiedA little more experience to say the least234 Audible books in my libraryAs I'm sure any experienced investor can gather, having the sizable amount of personal debt as I do, supplier house account payments due, PMLs that need to be paid, etc, not having liquidity/any money in the bank is an ISSUE.
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18 February 2025 | 11 replies
Read this: https://www.irs.gov/businesses/small-businesses-self-employe...Second, compensation is always issued to the person working.
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20 February 2025 | 3 replies
They keep different hours so be careful, however they were able to charge me $100 and get my series in place within several hours (stated as 24 business hours).I wish 1.
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17 February 2025 | 0 replies
Incredible lessons learned on how detailed the city of Bellaire requirements are, working in the floodplain, balancing multiple projects and scaling the business.
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22 February 2025 | 4 replies
As you progress your bookkeeping business, you'll likely want to learn how to export statements from a variety of property management platforms, as investor books are housed in bank accounts, spreadsheets, and a variety of property management and accounting software!
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23 February 2025 | 10 replies
Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.
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20 February 2025 | 1 reply
It's like opening a business.
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16 February 2025 | 2 replies
I'm from the Southern, MI area and I am also building my real estate media business, Elicit Real Estate Media Co.