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23 February 2025 | 7 replies
If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.
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4 February 2025 | 7 replies
Yes, they can dispute the charge and then the CC company will have to open a dispute that you will have to answer to attempt to get your money.
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6 February 2025 | 18 replies
And they will get their payment from the buyer.
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21 February 2025 | 7 replies
Often you can't see all that without being there.
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20 February 2025 | 4 replies
Those investors have largely gone elsewhere, and the ones who are joining BiggerPockets are much more responsible and realistic in their viewpoints.
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14 February 2025 | 4 replies
Ask for References – Request contact info for past clients who have used them for investment loans. 4.
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22 February 2025 | 7 replies
Bank Recommendations:Chase and Bank of America are popular because of their extensive business banking features and integrations with bookkeeping tools.Smaller community banks or credit unions can offer more personalized service and lower fees, but make sure they support series LLCs.Online banks like Novo or Mercury are great for tech-savvy users who want low fees and easy online management.What to Watch Out For:Hidden fees for transactions or deposits.Limitations on the number of accounts or ACH payments.Difficulty in maintaining clear separation between the series, which could risk the limited liability protection of your LLC.Since you’re using a Series LLC structure, it’s crucial to keep each property’s finances completely separate to maintain liability protection.
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19 February 2025 | 14 replies
So losses from that specific rental may be utilized.
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17 February 2025 | 6 replies
How do you think government layoffs and DOGE will affect the rental market?
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5 February 2025 | 21 replies
You notify them you will be purchasing the policy for them and doing so with their security deposit money, if state law allows it.