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5 February 2025 | 2 replies
$6k tax.Ins,hoa, not to mention utilities . took out a HELOC off of our personal home ( res.worth $900k, and a 260sq ft studio, mtr. $1450 mo.) for$ 220,000 for the deposit.
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6 February 2025 | 42 replies
i would never tell a random person on the internet where they should live.
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29 January 2025 | 3 replies
Quote from @Jeff Sanders: Personally coming from an agent/investor in CA, I always get a quote from a broker of mine and make sure I am knowledgeable with the fees/costs.
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8 February 2025 | 12 replies
This could be a single person who has their brokers license or a larger brokerage like Keller Williams.
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7 January 2025 | 3 replies
If you only have one LLC and don’t need entity tracking, you could get a lower subscription and categorize your properties as ‘customers’, then units and tenants would be sub-customers.Simple Start would allow you to invoice your tenants (if desired through QBO) and produce basic reports.
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31 January 2025 | 8 replies
The northland MAREI meeting and the main monthly meeting at MAREI have a minimal fee, or for $99 a year you can attend all of them for no extra charge - northland is in person, the main meeting is still online, both are great ways to connect and learn.
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21 January 2025 | 19 replies
Of course most GPs have personally put in money to keep the deals from sinking.
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1 January 2025 | 12 replies
A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate) AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC/ LLC taxed as an S Corp, or an S Corp.
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27 January 2025 | 8 replies
Overall I would personally consider how I can still grow with the freedom that I have focusing on my real estate.
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8 February 2025 | 3 replies
Nothing is ever the tenant's fault and the system always blames the owner/PMC.This is why we record EVERY phone call, save every email and will NOT allow our staff to use personal cell phones for texting.