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19 September 2024 | 15 replies
So for instance for our lead organization & management, I clean the lists up in google sheets and then download as a .CSV file and upload into Airtable (google sheets on steroids) where its easier and cleaner to manage.I use Airtable to manage our raw leads data - I have a trigger set up, that whenever we change the status to "qualified", that lead will go into our CRM (Salesmate.io) where we track our contacts and deals.
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18 September 2024 | 6 replies
Some investors buy in their name and transfer properties to an LLC later, though this may trigger due-on-sale clauses.
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17 September 2024 | 12 replies
There's not going to be 100% compliance by the associations for reporting and there will continue to be distressed situations that come up where people need out.
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16 September 2024 | 0 replies
But it looks like you better be prepared to comply.Non-Compliance is $500 per day.
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17 September 2024 | 9 replies
New laws require a bit more attention to compliance.
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17 September 2024 | 11 replies
However,Working with a good attorney will make the process easier but having a good administrative structure will be critical because there are a number of steps must be followed for compliance...which makes the SERIES LLC a little more involved in setting up your standard entity.Happy to discuss further.
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17 September 2024 | 2 replies
That severely limited the number of lenders I could go to, so I ended up finding a loan product (that costs a premium, albeit) thru Velocity Capital Mortgage that allows fully-amortizing or IO payments (for first 10 years) which will help me build cash flow and accrue title seasoning while I find the right time to pull the trigger on a fully-amortizing DSCR product Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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17 September 2024 | 6 replies
Keep in mind, though, that transferring the deed could trigger the due-on-sale clause, so make sure to check with your lender first.Things to Consider: Financing Flexibility: For your first deals, keeping the properties in your personal name may make financing easier.
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16 September 2024 | 7 replies
I’m really early into the research phase but would be prepared to “pull the trigger” over the winter (eg purchasing a property to setup the tents) but ran into a bit of a “wall”.I’m pretty close to Blue Ridge and love the area so have considered a STR there for a while.
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19 September 2024 | 44 replies
I think it's a great way to enjoy the benefits of your investments without triggering a big tax bill.