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11 February 2025 | 7 replies
They might be willing to give different terms especially to a high net worth person that they can likely make money on cross selling.
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6 February 2025 | 13 replies
My favorite calls are from prospective clients who have been with another company - they know what matters to them and I know a lot about how the relationship will go, based on what they've experienced with another PMC.
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19 January 2025 | 55 replies
Haven’t used it personally but a good friend of mine who self manages around 20 doors uses it and swears by it.
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7 February 2025 | 14 replies
I have a friend that owns over 60 rentals in his personal name and he's never been sued.
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8 February 2025 | 5 replies
I have arranged for Servpro to take a look at the property in person to give me a quote for this job.
12 January 2025 | 10 replies
.: I would go HELOC for sure that would be best as others were saying the lower cost for the money changes between paying a higher rate for a personal line and typically personal lines they want a higher monthly charge as well independent from the interest rate.
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20 January 2025 | 3 replies
A 1031 exchange doesn’t apply, but funding through a self-directed IRA can defer taxes, though profits from debt financing may trigger UBIT.To reduce taxes, consider forming an LLC for better expense deductions, offsetting gains with investment losses, or holding the property for 12+ months to qualify for lower long-term capital gains rates.This post does not create a CPA-Client relationship.
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3 February 2025 | 3 replies
but keep in mind CA has higher taxes and reg fees and I’m not doing more than 1-2 flips (short timeframe flips) a year and many years do 0 flipsDo most flippers put flips into LLC Or in personal name (sole proprietor) in CA (where you must pay $800 yearly plus accounting and other fees $300to $600+ yearly to maintain LLC) Pros for personal name-save on taxes accounting.
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15 January 2025 | 27 replies
I am trying to find a mentor and have a relationship that I think will work out well.
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5 February 2025 | 17 replies
We've not brokered anything through them in a very long time...not to say we wouldn't, but we formed closer capital partner relationships over time.