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19 February 2025 | 32 replies
or better yet, go to the market you pick in person, and talk to the people you'll be turning your investment over to in person.3. yes, you need a team.
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22 February 2025 | 7 replies
Bank Recommendations:Chase and Bank of America are popular because of their extensive business banking features and integrations with bookkeeping tools.Smaller community banks or credit unions can offer more personalized service and lower fees, but make sure they support series LLCs.Online banks like Novo or Mercury are great for tech-savvy users who want low fees and easy online management.What to Watch Out For:Hidden fees for transactions or deposits.Limitations on the number of accounts or ACH payments.Difficulty in maintaining clear separation between the series, which could risk the limited liability protection of your LLC.Since you’re using a Series LLC structure, it’s crucial to keep each property’s finances completely separate to maintain liability protection.
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19 February 2025 | 171 replies
You never know how much is LP equity, how much is GP equity (paid up vs sales incentive).
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1 February 2025 | 30 replies
Rental homes - especially paid for ones - are a good retirement supplement, or even plan if you have enough of them to offset vacancies & expenses.
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29 January 2025 | 9 replies
Let's assume that rent by the room yields $1000 per room all bills paid for the tenants.
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25 February 2025 | 2 replies
Is there any site, company person I can pay to analyze a game property from a property management company?
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29 January 2025 | 25 replies
I contacted the city to get all permits and the only one was one that my contractor got that I paid for.
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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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18 February 2025 | 17 replies
So is this just as simple as showing how much the property makes or do they also look at personal debt to income, credit score, reserves etc as well.
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15 February 2025 | 2 replies
Just as I was scrambling to figure that out, one of my tenants also moved out, leaving me with thousands in repairs and a vacant unit at the worst possible time.I had zero reserves left because I had just paid back the money I borrowed to close.