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29 December 2024 | 16 replies
My take on this is to underwrite purchases based on expected LTR rents (I like rentometer and the BP's own rental estimator), but start charging 1.5x that rent for your MTR.
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20 January 2025 | 7 replies
I know Shopify typically is a more commerce base platform.
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29 January 2025 | 6 replies
@Kevin Connauton, I agree with you that although Pad Split is a great choice for getting the rooms filled, they don't cover all your bases in terms of property management.
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2 February 2025 | 8 replies
Most lending is based on cashflow, not the 2% rule (although still a good rule of thumb for some types of investments), might have the most help from the group if you provided some of those details here just so it'd be easier for us to help you best.
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28 January 2025 | 4 replies
The drop and Swap is about all we use here due to the confiscatory tax rates based on sale price.
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16 January 2025 | 21 replies
They will base their DSCR calculation on the market rent 1007.
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7 January 2025 | 3 replies
I started with the Simple Start plan, but as I learn more about the software, I realize that to effectively classify income and expenses per unit, I need to use Classes and Locations, which are only available on the higher-tier plans.I’ve seen suggestions to use units as customers as a workaround, but I’m curious if anyone else has tried this approach or has recommendations for managing multiple units in QuickBooks with the Simple Start plan.Looking forward to your feedback!
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3 February 2025 | 12 replies
Mortgage rates are based on what lenders consider risk factors such as loan to value, credit, etc.
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7 January 2025 | 7 replies
I recommend having a pricing software (pricelabs perhaps).
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27 January 2025 | 6 replies
Regarding the location of the Qualified Intermediary (QI), it doesn't matter whether they are based in New Jersey, Florida, or elsewhere.