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5 February 2025 | 6 replies
So long as your original fee to open the account is booked as a personal contribution to your business and all the transactions are business-related, it seems like your best solution until you get back stateside.
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26 January 2025 | 43 replies
I’m not sure who paid legal fees but they must have been significant.
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19 January 2025 | 55 replies
Stessa is not perfect but I like the capability, love the %5 interest rate on my associate account and have found the support honest and effective.
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22 January 2025 | 6 replies
Do the numbers make sense with each and all interest rates?
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9 February 2025 | 19 replies
The BRRRR strategy is tough these days (I even wrote an article about it that goes into more detail a little while back: https://www.biggerpockets.com/blog/beyond-brrrr-taking-advan...)In short, high interest rates as well as labor/material costs makes it hard to buy a property with debt and cash flow.
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9 February 2025 | 0 replies
Currently living in our home and plan on renting to keep low interest rate while we house hack a duplex to start our investing in real estate.
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23 January 2025 | 20 replies
I have a non-residential commercial mastermind and the fee started at $2500 in season 1.
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5 February 2025 | 4 replies
Definitely something to clarify upfront...If you’re replacing with another restaurant, it should be an easier transition since the setup is already in place.Your biggest risk is vacancy $450K/year is solid, but if you ever need a new tenant, ensuring the lease rate is sustainable is key!
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15 January 2025 | 29 replies
Default rate - as you scale you will have a 10% default rate on loans.
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6 February 2025 | 2 replies
Cash flow is definitely the biggest challenge; both in terms of finding properties to buy that cash flow with a loan on them and just company wide given interest rates and labor/material is up and, at least where I'm at in Jackson County, MO, taxes are way up too.