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26 August 2024 | 3 replies
Overall, it could lead to a more cautious approach to buying and selling, with more emphasis on long-term holds rather than frequent exchanges.
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27 August 2024 | 18 replies
Make sure you have copies of the Articles, Operating Agreements and Federal Tax ID number printouts with you when you go to open the account, so you can clearly show how the entities relate to each other.If you find that your bank is stuck on the lack of Articles, or an incorporation number, a filed D/B/A/ application might do the trick.
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27 August 2024 | 12 replies
I couldn't do that recently any time I had a buyer, constantly dropping everything to scramble, show and write in case they present early (which they did frequently, even if they promised they'd honor a deadline).
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26 August 2024 | 9 replies
This usually does the trick.
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21 August 2024 | 6 replies
This is an old trick in the insurance industry: If you have a risk that you no longer feel good about, find an opportunity to cancel.
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24 August 2024 | 5 replies
These laws will spell out what you can use as a trust account for security deposits (interest bearing, who gets the interest etc.)Software: frequent question here on the forums.
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26 August 2024 | 24 replies
https://www.biggerpockets.com/...12 Frequently Asked Questions (And Answers) About DSCR Loanshttps://www.biggerpockets.com/...8 More Commonly Asked Questions and Answers to DSCR Loanshttps://www.biggerpockets.com/blog/eight-questions-and-answe...What Documents Do You Need for a DSCR Loan?
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24 August 2024 | 11 replies
@Michael Peters Most of the answers here are good advice on pumping more frequently if you're worried, but unless you book it 90-100% of the year, it doesn't get used as much as you would think.
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21 August 2024 | 8 replies
But I'm concerned about the challenges of frequent turnover and vacancy rates.If anyone has experience with MTRs, I’d love to hear your insights!
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22 August 2024 | 6 replies
Even if you could rent it out much more frequently as a STR in the pool how long will it take you to get back your $160K?