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13 December 2024 | 5 replies
It also positions you to work more effectively with lenders and partners who want to see a professional financial setup.How are others here organizing their finances?
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15 December 2024 | 9 replies
Very similar to direct mail but much more cost effective.
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12 December 2024 | 7 replies
Hi Michael,Finding the right CPA is crucial for managing your investments effectively.
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11 December 2024 | 3 replies
Do you recommend using a general contractor, or would it be more cost-effective to handle it myself with subcontractors?
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13 December 2024 | 7 replies
Think of it this way, for example...If your rent is $2000 but it is vacant for 2 months that means your effective growth income (EGI) for a year lease = $20,0000But if you lower it to $1900 & it sits vacant for only 1 month your EGI for a year lease = $20,900You can play with the rent numbers & how long you think it could remain vacant, but at the end of the day the most expensive route is vacancy.
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13 December 2024 | 2 replies
This separation allows you to manage risks more effectively, ensuring your personal credit isn’t impacted by the ups and downs of your real estate ventures.Building business credit is more straightforward than most people think.
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11 December 2024 | 3 replies
.• What strategies or platforms have you found most effective for connecting with them?
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13 December 2024 | 4 replies
This effectively guarantees they will buy the loan at closing.
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17 December 2024 | 16 replies
What I did find is that as a builder in eastern tennessee, I could build STR cabins for less than 70% LTV so that I could effectively BRRR my way into growth without coming out of pocket for a down payment.Now it does take a lot more cash to do because as a builder I have to front a lot of money at times (land, permits, each stage of construction while I'm waiting on the draw).
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11 December 2024 | 8 replies
I have been battling with the credit bureaus for 15 years between 2 divorces, and multiple incidents of identity theft (the untold effect of military service).