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16 December 2024 | 8 replies
Instead, I'd just rely on a CMA (comparative market analysis) of renovated properties in the area from your realtor unless you have local MLS access yourself to run the report.
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13 December 2024 | 6 replies
Also under the Fair Credit Reporting Act.
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19 December 2024 | 8 replies
I would highly recommend you create a Market Report in PriceLabs to see how similar properties nearby are actually performing.
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13 December 2024 | 2 replies
I also use business lines of credit from banks, but for this banks definitely want to see revenue (usually 5-10x the amount of a mine they will give you).It is important to remember though that just because these lines and CCs are not immediately reported on your personal credit report, if you miss payments or default you are personally liable and the debtors will add it to your personal credit report.
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5 December 2024 | 2 replies
Under the Corporate Transparency Act, LLC's are required to file a Beneficial Ownership Information (BOI) Report.
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16 December 2024 | 6 replies
@Tj Collins, The differences between states is limited to reporting of the sales at this time.
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21 December 2024 | 10 replies
Comparing your post to my experience thus far I feel I am in for a fairly robotic loan experience.I have yet to see the actual loan agreement, but I have requested this and will report back when i get a copy.
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19 December 2024 | 25 replies
They already have my records from the previous year(s), I’ve been a client for 20+ years, and I provide pretty detailed reports per property.
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17 December 2024 | 11 replies
This structure simplifies management, centralizes ownership, and provides an extra layer of liability protection.Tax-wise, the state where each property is located will still require income tax reporting and LLC fees.
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13 December 2024 | 15 replies
You'll see a lengthy September 2017 ordinance about rent control, and then a March 2018 ammendment to this ordinance, bumping it from 4+ to 3+ if not owner occupied.