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18 November 2024 | 15 replies
They are strictly taxation.If you are setting up a trust, you should get a CPA.Find a bookkeeper for your daily driver, if you find one that focuses on real estate, then during year-end your CPA won't charge you an arm and a leg.
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14 November 2024 | 5 replies
My goals would be to increase monthly cash flow and have more access to the property's equity for things like Cap Ex, etc....Here's a blurb from a lender's website:"By combining banking functionality with home financing into one dynamic instrument, borrowers are able to save tens of thousands of dollars and years off their loan""Designed after popular programs around the world, the All In One First Lien HELOC is the nation’s first transactional offset type-mortgage program.Home financing and banking combined:Deposits lower your loan’s principalFunds remain available for expensesInterest is calculated on the average daily balanceThis lowers the monthly interest paymentsTens of thousands of dollars can be saved over the life of the loanMortgage freedom can be achieved in half the time or less
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18 November 2024 | 24 replies
One of the easiest ways is checking off market Facebook groups in your target market where a lot of deals are posted daily.
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15 November 2024 | 9 replies
People are still flipping in high volume.
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15 November 2024 | 17 replies
Once you've done a little educating through a $10 book and some free podcasts (the good ones), the main driver of your success is consistent daily action.
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15 November 2024 | 7 replies
We see so many different entity structures for rental portfolios in our REI Bookkeeping Firm.Ensure it's simple enough for you to easily abide by the structure in your day-to-day operations (which your question is getting at).We've had bookkeeping clients with complicated structures that apparently protected them to the maximum degree but they didn't abide by the structure when conducting transactions in their business daily (lots of unintentional commingling).
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12 November 2024 | 2 replies
I know I could hire a manager acquisitions, but do not have that volume to justify one I think.
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11 November 2024 | 3 replies
Or if anyone knows how I can search for the sales volume of these realtors myself?
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14 November 2024 | 25 replies
The home we have now in Lakeland, TN (near Millington) is definitely Class A and there is a large volume of transients that move through the naval base, FEDEX and other like jobs that our neighborhood of 400+ homes hardly ever has ever rental openings, but there are often multiple homes for sale.We think if we can maintain the right type of tenant we will be fine.
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21 November 2024 | 39 replies
Things to consider: daily internal operations, external branding and operations, lending, in addition to inside out *legal protection and outside in** legal protection, privacy/anonymity/identity protection and security...Prevention measures at different levels, preventing the attack from being initiated vs preventing the attack (lawsuit) being successful vs reducing the damage of a successful attack.... there are many elements and I see people pick one and argue about it without looking at the whole