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21 January 2025 | 40 replies
We've found it's more capable than others when it comes to integrations, reporting capabilities, and efficiencies.The software you've mentioned will be better for the PM activities (property-specific transactions) than keeping up with your financials as a whole.
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15 January 2025 | 144 replies
It is a well established belief in the financial industry that there is an inherent conflict of interest when financial advisors are compensated on sales commission.
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20 January 2025 | 242 replies
I am not privy to their financial situation.
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22 January 2025 | 7 replies
It would be great if your rental could also work financially as a long-term rental if the STR market changes.
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9 February 2025 | 18 replies
Hiring a 20 year old agent is similar to hiring a 20 year old financial adviser.
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23 January 2025 | 4 replies
It's mostly Class A properties, a few Class B.You may find the below copy & paste info useful in addressing your question:----------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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31 January 2025 | 7 replies
Consider balancing liability protection with administrative costs, and consult with a CPA to align your structure with your financial and legal goals.This post does not create a CPA-Client relationship.
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19 January 2025 | 61 replies
Being a responsible person has nothing to do with the financial calculation for rate of return or cash flow.
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7 February 2025 | 11 replies
They’re ideal for those building portfolios, as they don’t require extensive personal financial documentation.A key tip is to ensure the property’s cash flow comfortably exceeds the lender’s DSCR requirement (typically 1.25x or higher).
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20 January 2025 | 2 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.