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30 January 2025 | 7 replies
Yes, but your "highest and best use" is being an accountant to your clients, not handling the minutia of your RE portfolio!
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19 February 2025 | 13 replies
Mission Driven 80% AMI rents also only account for the “tenant-paid portion” of total rent.
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18 February 2025 | 43 replies
Thank you Eric.In addition to the rental properties, my wife and I have a paid off house, paid off car, and about $1.4m in retirement accounts, brokerages, and savings.We live in a HCOL area and our expenses are $9.5k per month even though we live pretty modestly.I set out initially to have real estate pay for at least some of my expenses in order to give me more freedom and financial security.Is your wife quitting too?
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7 February 2025 | 14 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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18 February 2025 | 14 replies
My guess is that their mentors are similar, no barrier to entry, and no major organization or entity that holds them accountable for ethics.
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5 February 2025 | 38 replies
I also asked if there was accounting I could see that shows my share of the equity as a whole?
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18 February 2025 | 13 replies
Now I need to find a real estate agent(I am "interviewing" a couple now), an accountant to speak to and of Course a lender.
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23 February 2025 | 5 replies
Consult with an account representative at PadSplit to assess comparables and determine bedroom rental rates.
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22 February 2025 | 23 replies
private real estate syndications are another option to passive RE investing, but IMO require a lot more research before buying than REITs where you have a professional team managing under SEC regulations, with public accounting and filings.
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17 February 2025 | 4 replies
So don't be afraid to hold them accountable, push the issue.