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15 February 2020 | 1 reply
If you want to create a scalable business, write down how you do everything and always help people out.
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21 February 2020 | 2 replies
If he is a accredited investor plus he should not buy SFHs since they are not scalable.
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17 February 2020 | 2 replies
Business income coverage – look for this, it pays you when the renters have to move out due to damage to the property Make sure you have liability coverage (protects people on the property) of around $300,000-$1,000,000 Make the tenants get renters insurance and don’t let them have dangerous pets Setting Up Your Bank Account Have a separate checking account (income and expense) and a savings account (holds the security deposits given by the tenant) set this up 2-3 weeks before you close on the property Create a scalable system before Preparing Forms You can use a filing cabinet or simply use google drive – store application, rental minimum qualifications form... more on pg. 270 You can get a sample of these forms at www.BiggerPockets.com/LandlordBookBonus Preparing Bookkeeping Consider getting QuickBooks or some other accounting software.
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20 February 2020 | 16 replies
This model isn't scalable either.Good luck
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23 February 2020 | 11 replies
Do that, and owning rental properties is a scalable and profitable business, let it get personal and it can eat you alive.
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25 February 2020 | 40 replies
The latter is what I want because it is scalable.
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21 February 2020 | 5 replies
BUT, many syndicators that started that way also learned it was not truly sustainable or easily scalable.
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9 March 2020 | 41 replies
While small multis and sfr don’t have scalability they can also meet a lot of goals for a lot of people.
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21 February 2020 | 2 replies
The key is to build your business system so it’s scalable as you grow.
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21 April 2020 | 4 replies
So it's not really scalable by a calculator or analysis, it is always dependent on the property, the owner's willingness to do timely repairs, and the general upkeep.