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21 January 2025 | 31 replies
My firm integrated the services together and our clients have loved the one stop shopping for all RE accounting, tax, asset protection and entity work.
17 January 2025 | 7 replies
Account ClosedAdding your property manager as "additional insured" is standard practice and beneficial for you.
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16 January 2025 | 18 replies
A great deal of accountants work with out of state clients.
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12 January 2025 | 10 replies
The rent-to-price ratios in many neighborhoods are strong, and the city’s population is finally growing again after decades of decline.One thing that stands out to me is Detroit’s median home price—around $95k—which is far below comparable cities of its size in terms of population.
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21 January 2025 | 8 replies
She said to get some activity going in my account and we can revisit in a month to reapply.
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1 February 2025 | 0 replies
Here are five dangerous provisions to watch for in an Operating Agreement:Dangerous Provisions to Watch:Authority to incur debt without investor approvalPower to make loans to other entities/projectsAbility to cross-collateralize with other propertiesPermission to use investor capital for other venturesCommingling of funds across different projectsWhy These Are Potential Ponzi Indicators:• New investor funds could be used to pay existing investors• Project-to-project lending can mask poor performance• Cross-collateralization puts your investment at risk for others' failures• Commingling enables masking of financial problems• Lack of project segregation enables fraudulent schemesProtective Measures to Look For:Strict single-purpose entity requirementsProject-specific bank accountsDebt limitations and investor approval requirementsProhibited related-party lendingClear fund segregation requirementsProfessional Best Practice:Request bank statements showing separate accounts for each project.
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18 January 2025 | 19 replies
One size does not fit all and I wouldn't take much stock in any advice stating that housing assistance tenants are better or worse as a whole.
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6 February 2025 | 13 replies
Thus, they take extreme risks and look for corresponding discounts.Additionally, after the first position lender accounts for default interest, penalties, legal fees, foreclosure fees, accounting fees, and everything else, the equity in your combined <65% ARV loan can easily erode to zero.
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26 January 2025 | 19 replies
What you would most likely be doing is getting one like Calltools Or Mojo mentioned above, and then push in prospects or manually add them to your Podio account once they have responded with interest.I'm with InvestorFuse, we do have a solo person plan that may be a good fit for you.
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5 February 2025 | 13 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.