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17 December 2024 | 11 replies
@Guillaume Vidallet I'll chime in here since it seems like everyone answered your question and gave some great advice.I'll suggest that whether you have one LLC or multiple LLCs you have separate bank accounts for each and make sure not to commingle any money.
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15 December 2024 | 2 replies
Long story short, I felt I wasted money, and gave up on the course entirely a month after purchasing.
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14 December 2024 | 2 replies
I have part of a 401K loan to payback and money borrowed against my HELOC.2) Maintain a yearly savings rate above 55% for 2025.3) Purchase another rental before the end of 2025.
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18 December 2024 | 17 replies
I would say that our interest lies in growing and making money together rather than alone.
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5 December 2024 | 6 replies
Once I'm finished I would just want my purchase price amd the money I spent on renovations back back...for example, i buy a house for 100k put 50k of renovations into, house would now be valued at 250k.
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19 December 2024 | 5 replies
They argue that the first few years maintenance would be insignificant since the properties are renovated, and so you're essentially stashing that money away for the future maintenance needs.
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13 December 2024 | 18 replies
They were but the headaches were not worth it, I sold almost all my properties there and wish I would have spent that money in Chicago.
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15 December 2024 | 2 replies
I would strongly recommend spending the money to meet with an attorney for an hour before you put anything in writing to your tenant.Good Luck!
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17 December 2024 | 12 replies
I'm in Miami and want to invest in a cheaper market where my money will go a longer way and so I can cash flow better.
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17 December 2024 | 17 replies
& track my job costs against each category so I can compare my budget vs actuals and calculate the variances.For example:Electrical Budget: $4,000Electrical Actual: $6,300Variance: +$2,300This process is more tedious because you have to breakdown each invoice or receipt and allocate the costs to each Category, but it really helps you understand where you are spending your money and why you went over budget.Otherwise, it sounds like you are having trouble measuring employee productivity?