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4 February 2025 | 9 replies
They'll expect electronic payment options--easy open a landlord account at your bank and give routing number and account number to tenant (ACH payment).
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29 January 2025 | 32 replies
In my land Timber days we just used bank LOC's but success in logging and creating substantial income allowed us to get those lines.
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17 January 2025 | 6 replies
My bank account is connected to Stessa to eliminate the need for me to manually track income, expenses etc.
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20 January 2025 | 2 replies
. - PM provides a cash based accounting report every month, for every unit under management, that clearly labels all rent, all expenses, including management fees, and the net directly ties to the amount of money deposited into my bank account.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000.
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15 January 2025 | 6 replies
If it's worth that much, taking a HELOC on it should not be an issue at all long-term or short-term as long as the bank will do it.
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20 January 2025 | 7 replies
The value of your SDIRA may be too low, but I'd recommend Gary Mobbs at South Star Bank in Gonzales, TX.
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4 February 2025 | 9 replies
And they'll want you to pay off the loan pretty soon (and usually will you as the rate will probably be higher than banks) so there's that too.For this reason, we definitely prefer private lenders as they will (if you've built trust with them) often lend on the rehab too.
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31 January 2025 | 170 replies
Quote from @Basit Siddiqi: I am not an investor but I remember hearing his name a few years ago on multiple real estate related podcasts and the hosts always mentioning how intelligent he is and how much information he has.I guess not...I am sorry to hear everything that is invested.
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21 January 2025 | 4 replies
Lenders will want to see those funds deposited in a bank or other lending institution on one or two monthly statements.
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31 December 2024 | 3 replies
I always remember that rockstars know rockstars, so find someone who is a mover and shaker - likely a meetup host - and then ask them who they know.The people doing 100 flips are super busy, so I've also found the best person to find is someone who is a step or two ahead of me...so maybe for you, that is someone doing 2-3 flips a year.