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29 February 2024 | 4 replies
Work with your accountant to do so just in case there's any issues remaining in that LLC.
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1 March 2024 | 26 replies
Its not ideal but it can stem the bleeding in your bank account.
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28 February 2024 | 3 replies
My portfolio is expanding and I feel I need to make a switch to a different software (I am currently using Innago) which has worked well for years but is missing some of the more sophisticated features - there is no mobile app for landlords so it's hard to manage on the go, there is no accounting functionality built in, changing lease terms/renewals can be clunky.
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28 February 2024 | 2 replies
Hello @Tedman Cheng, If you are worried about taking the capital gains hit, ensure that all the capital does not hit your account by splitting that up with your partners.
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29 February 2024 | 4 replies
You could hold dividend growth stocks (like the PG and KO...) and still get a better dividend and growht (to account/offset property appreciation).Don't forget that depreciation has to be paid back when/if you sell the real property to fully access your cash.https://www.biggerpockets.com/forums/48/topics/1169308-equity-rich-need-advice?
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29 February 2024 | 28 replies
Factoring it in to the budget is necessary, but it'll be a while before you build up the cap ex account.
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28 February 2024 | 3 replies
@Jack LittleThere are standard templates from Fannie Mae but I would have an attorney draft these documentsThey can be held (the lender) through a deferred retirement account but make sure you are using a third party servicer to collect payments
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29 February 2024 | 6 replies
After doing some research on the ‘director,’ Kory, he’s actually just a freelance/self-employed salesman based in Utah… I should have sniffed it out earlier in the process than I did because even in the 1stinterview, some of the early questions from the screener included how much money I make, how much I have in my bank accounts, my credit score, how much credit card debt I have, and what my credit card limits are…I was then asked if I was willing to ‘leverage my credit’ aka max out my credit cards to be successful.
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28 February 2024 | 4 replies
Do you store it in a separate account?
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26 February 2024 | 0 replies
I'll need help to creat my R/S account to start investimg.