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13 February 2025 | 18 replies
Too many investors waste money on general handymen trying to fix everything, only to end up hiring a specialist later anyway.6.Each property should have its own bank account.
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22 February 2025 | 25 replies
Is what you mentioned (lease your property to an LLC) a good strategy to avoid transferring my deed to my LLC and avoid the possibility of the bank calling my note due?
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17 February 2025 | 13 replies
I would talk to a local bank or mortgage broker to see what you can get for a loan first and then go from there.
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27 February 2025 | 9 replies
If you go with the partnership route1) You need to manage the money going in and out of the business bank account.2) File a partnership return and be responsible for issuing K-1's3) make distributions to you and your partner for cash flow that you receiveYou will likely spend many hours on a nice gesture.I may want to consider instead to give a christmas gift or a bonus for early completion of projects.
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10 February 2025 | 62 replies
So you can bank the difference.
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3 February 2025 | 47 replies
Look at it as a piggy bank.
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30 January 2025 | 3 replies
if you never miss a payment and the bank doesn’t call the loan due.
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30 January 2025 | 4 replies
and trailer stolen, workshop robbed 3 times, business bank account hacked and Not Insured (w a bank name like C#@$e), hip replacement, Botched oral surgery for sinus cyst 3 times, So Far, that caused an infection that kept me from working most of 2024 and just now recovering.SO Fire Sale February for me But I’m too broke to finish a punchlist to keep rental certificate open on top of living expenses and cover unexpected bills.Seeking micro bridge loan in the $5-10k range to be repaid at sale of house.I have another small single family paid off and rents for $950 as well.Any advice or suggestions for resources Greatly Appreciated
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14 February 2025 | 9 replies
I'm seeing a lot of people lately trying to force themselves into house hacks without an immediate cash flow/equity play and "banking" on appreciation or rates dropping.
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2 February 2025 | 7 replies
Lastly, they’re going to want a higher interest rate than they can get from the bank for taking the risk.