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30 January 2025 | 0 replies
I figured why not just use a banks money instead of using a customers money and not have to deal with picky customers.
8 February 2025 | 89 replies
Quote from @Chris Seveney: @Jay HinrichsWhen I looked into it - I viewed it more as those who teach infinite banking etc (note that is not what tardus does - they teach what they call income snowball)Similar to infinite banking - it’s a strategy and you pay to learn the strategy - but whatever you invest in is up to you.
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25 January 2025 | 155 replies
I attended the presentation but it ended without explaining that.
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30 January 2025 | 1 reply
Kendall Knight with First Horizon bank for lending.
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27 January 2025 | 17 replies
RM (and most other good management software) does double entry accounting, imports bank info, has reconciling functions etc.
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25 January 2025 | 12 replies
., (3) gives you viable options and explains the pros and cons of each option and (4) you enjoy interacting with - this should be a relationship, not a transaction.Once you find a few lenders like this (and you should have relationships with more than one), then you can start comparing rates and fees.
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13 January 2025 | 15 replies
I explained to the lender that I didn't want to borrow funds for the rehab just to buy.
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22 February 2025 | 11 replies
From our experience with clients, you’d typically expect to pay around $1,000–$1,500 for a single-property return, depending on your situation.If that $6K includes monthly bookkeeping and accounting, it could be reasonable; it could also be low, or high... it all really depends on the number of transactions, bank/credit card accounts, and the complexity of your finances.
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22 February 2025 | 25 replies
Is what you mentioned (lease your property to an LLC) a good strategy to avoid transferring my deed to my LLC and avoid the possibility of the bank calling my note due?
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5 February 2025 | 5 replies
So your super basic P&L may look like: $30,000 Rents-$3,000 insurance expense -$9,000 interest-$3,000 taxes-$8,000 operating expenses-$14,000 depreciation ----------------$7,000 loss on paper for the year so negative taxable income But remember- $14k of that (depreciation) was something we didn't actually spend money on- so cash in bank at year end would be $7,000.