
26 August 2024 | 37 replies
My self directed account is a Solo 401(k) which owns an LLC.

27 August 2024 | 10 replies
You need to open a bank account, get an EIN, etc.

27 August 2024 | 21 replies
Also, an alternative would be to put the money into an escrow account then once you have documents, verify legitimacy.

21 August 2024 | 1 reply
, I explain, I want to earn your trust for deals I have studied and that I am a bigger pockets PRO member.I can not always get on as I wish as I work.

27 August 2024 | 2 replies
The calculation typically uses 75% of the property's gross rental income (as determined by an appraiser) to account for potential vacancies and maintenance costs.Monthly Payment Calculation: The total monthly mortgage payment includes principal, interest, property taxes, homeowners insurance, mortgage insurance premiums (MIP), and any homeowners association dues.Test Requirement: To pass the self-sufficiency test, the calculated rental income must be equal to or greater than the monthly mortgage payment.

27 August 2024 | 10 replies
For example there are 3 or 4 major utility companies just inside of Fayetteville and it seems like each property has a different structure/utility company.Other expenses = major capex (roofs, plumbing, flooring etc go bad eventually so I would save a monthly amount in a separate account for when these happen).

27 August 2024 | 4 replies
- What driving factors should I take into account when l'm looking for an up n' coming hot markets?
26 August 2024 | 13 replies
Keep a few a use cost segregation studies to offset any added taxes.

27 August 2024 | 8 replies
A few things to consider when starting out:1) Be sure you have liquidity for the down payment, but also a healthy reserve account, since unexpected costs will come up while owning real estate.

24 August 2024 | 7 replies
I am more than happy to share my preferred lenders that specialize in investment properties, home inspectors, contractors, landlord and builders risk insurance carriers, and CPA's that know to do cost allocation studies with my investor clients (that's how you know you have a CPA that knows real estate investing accounting).