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30 January 2025 | 13 replies
You're running a business and when you proactively do so, your tenants will know that you're holding up your end of the lease - and if they don't, they don't stay.Hope this helps.
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8 February 2025 | 17 replies
Most work like this: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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9 February 2025 | 3 replies
@Ross DerouenBigger Pockets is a great place to find an accountant specializing in real estate taxation.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.
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24 January 2025 | 13 replies
Yours appears to be a business-purpose (investment) loan.
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27 January 2025 | 6 replies
@Michael James Hamlin I'm a former tax accountant/business consultant turned fix n flipper and investor friendly agent.
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26 January 2025 | 2 replies
When the whole covid shutdown occurred, I dropped out of college to help my father's service business maintaining and remodeling residential and commercial buildings.
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27 January 2025 | 7 replies
Property management is a "nickle" and "dime" business.
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3 February 2025 | 1 reply
My goal is to grow this business by expanding my investor network and seeking properties that will allow for additional scalability.
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1 February 2025 | 2 replies
Hi Asiel, Nabil I am new in the wholesaling business as well.
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31 December 2024 | 1 reply
In response, FinCEN announced that BOI reporting is currently not required and businesses will not face penalties for failing to report while the injunction is in place.3.