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17 January 2025 | 4 replies
Its not often that the sales person is also very good at management.
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26 January 2025 | 15 replies
I’ve bought some houses with 0% interest for a year credit cards and a few with consumer lines of credit from banks.
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24 January 2025 | 5 replies
With the exception of building a trailer on the property (these are hard to finance), this sounds like a good plan AND if you are using it for your business AND your business pays more than 50% of the rent (if you have more than 1 tenant), then this is a more financeable property in the eyes of banks and credit unions as it would be consider a commercial "owner-occupied" property.
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12 January 2025 | 20 replies
However, I think for the average person this is probably not true.
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19 January 2025 | 47 replies
Meanwhile, bank money market paying 7.5%.
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12 January 2025 | 2 replies
.- If you decide to have an LLC for each property, creating a Management LLC that all the other LLCs "hire" to run their books, will allow you to only require a bank accont for the Management LLC.2) You may not be able to do a Trust.
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4 February 2025 | 0 replies
Strategic renovations don't have to break the bank.
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3 February 2025 | 1 reply
20% down, mortgaged the rest through a local bank How did you add value to the deal?
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21 January 2025 | 3 replies
Most banks won't want to come in with a line of credit that is second lien on the property.
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6 February 2025 | 2 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!