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23 January 2025 | 7 replies
I have some of the required funds in a HYSA, but will most likely need to draw from another account and I'm curious which method is the most efficient in terms of taxes/capital gains, penalties, loan repayments, etc.Based on my previous transactions in the market, I estimate ~$45k cash to close: $20k for the down payment, $15k for closing costs and prepaids, and $10k of starting reserves.
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28 January 2025 | 0 replies
While margin accounts exist for stocks, they're typically more expensive and risky.š¤ A Place for BothHere's the thing - it's not really an either/or situation.
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19 January 2025 | 13 replies
The part that IĀ can see being the most beneficial to us, personally, is the "REI Hub" which is the accounting piece that you can opt to pay for as part of your monthly subscription.
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21 February 2025 | 102 replies
.- They add 15% margin to the repair costs.They don't have good accounting system to get good clarity on monthly transactions like rental payments, expenses, etc.Ā Ā
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25 January 2025 | 8 replies
Realistically speaking, except in very rare cases, I think itās all about pictures pictures picturesMost people arenāt gonna have successĀ starting their own booking website or running targeted ads orĀ creating some amazing Instagram account.
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24 January 2025 | 5 replies
I think with it being newer accounts/investors they don't think of the specifics needed.
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21 February 2025 | 22 replies
Since these accounts are in the business name, they donāt affect DTI, making it easier to secure additional funding.How fast you're looking to scale will determine the best approachāsome investors go the business credit card stacking route for quick access to $150K+, while others secure business lines of credit for more flexibility.
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20 January 2025 | 8 replies
It may be hard to find unbiased advice on account of that.To me, it seems that his/their core competency is promotion and fund raising.
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24 January 2025 | 3 replies
We have some retirement accounts.
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20 February 2025 | 21 replies
When a tenant causes problems, I can remove them six ways from Sunday, typically much faster than the courts could do it.Financial Management & Reporting:Ā It may seem small, but accurate accounting is important and not in the tool box of most investors.Market Knowledge & Rental Rate Optimization:Ā Understanding the market is critical to maximizing returns.