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16 January 2020 | 1 reply
Should I have separate checking accounts for each property?
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26 April 2020 | 11 replies
He puts each property into a separate LLC..."
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18 January 2020 | 5 replies
Sale price will be a little below market value with a Home Style loan (4% down), rehabbing ($80K-$100K) mom's home into a place my family and I can live in (better schools, bigger yard, and other benefits) comfortably with a growing family.We plan to renovate the attic of our current home and make some cosmetic repairs ($60,000 HELOC) that take it from a 3 berooom 1+ half bath to a 6 bedroom 1+half bath with a separate 1 bedroom apartment that has a livingroom and kitchen (apartment is already renovated).We then plan to rent the Air BnB for 2 years and re-finance for equity and leverage to buy more rentals.
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16 January 2020 | 5 replies
As an alternative to taking a distribution from your 401k, consider the following:If you are self-employed (i.e. active self-employment earned income separate from your w-2 income) with no full-time w-2 employees, you can set up a Solo 401k and then rollover your 401k funds once you leave your current job.
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2 June 2020 | 29 replies
At one time this home had 2 separate sewer lines - one for stormwater from the roof/outside drain, the other for wastewater from sinks/tubs/toilets.
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16 January 2020 | 3 replies
Examples: I take a refundable pet deposit instead of a non-refundable one or a monthly fee, I currently pay the whole water bill without taking money from tenants because the duplex is watered together (I will eventually get a separate meter but the outlay is more than I want to pay right now) assuming it doesn't get out of control, paid for the new doorknobs on the bedrooms because the tenants requested locks despite the lead tenant saying they would pay for it, planning to replace the microwave hood simply because it's louder than it should be though it still works, etc.I'm probably losing out on a minimum of $100 monthly.
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18 January 2020 | 9 replies
I plan to run them separately.
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21 January 2020 | 7 replies
I feel a 'marketing fee' would need to be completely separate from the sale to be considered allowable.
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19 January 2020 | 0 replies
After copying and pasting this is the only way it would let me separate paragraphs.Happy New Year Everyone!!
20 January 2020 | 3 replies
They may have an format or separate document for specifying owner finance terms.