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6 January 2025 | 8 replies
HELOC: The Best Tool for Smart InvestorsWhy It Works:Pay interest only when you use it.Got extra cash?
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11 January 2025 | 14 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
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8 January 2025 | 10 replies
The other thing that was nice is that you can pay the loan back as soon as possible but they didn't allow extra payments.
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2 January 2025 | 14 replies
@Vidit Maini Until you are an ESTABLISHED business I would recommend just keeping track of your mileage for deduction as opposed to spending the extra money to buy a “company vehicle”.
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4 February 2025 | 87 replies
That extra diligence is screaming.Perhaps you should stick to promoting yourself.
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31 December 2024 | 22 replies
There are asset protection companies who make lots of money off this - I talked to one who said it's $13,000 (for 4 properties) to set up layers of protection then annual fees after this.
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2 January 2025 | 12 replies
This provides extra peace of mind in case your upleg does not work out or the seller or lender will not deal.4) Truly retire for real estate ownership.
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12 January 2025 | 23 replies
Here's an example why:- One of our people made a mistake last year, and entered an expense of $1500 instead of $150 - they accidently typed an extra "0". - Fortunately, our transparent systems allowed the owner to catch it:)- Full transparency - we would have never caught this honest mistake:(An owner also needs to be involved to approve & fund large expenses: maintenance, property tax & insurance payments (if they want to be more hands off), evictions, etc.A great PMC should also have a chat with you annually about your future plans for a property and your portfolio.
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2 January 2025 | 13 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
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1 January 2025 | 7 replies
Think about all the extra time trouble and cost it takes to turn an ordinary house into a vacation rental...just my two cents though...