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27 December 2018 | 3 replies
The exact example, could I set up an LLC, get a credit card in the name of the LLC, and purchase the BiggerPockets Pro Membership with that card and write it off as a business expense?
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27 December 2018 | 26 replies
@Mathew Zorn if by revolving debt you mean you are carrying a balance on your credit card you should not be investing at all.
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26 December 2018 | 12 replies
I would raise that a little bit; if the numbers work with a 15% or 20% vacancy rate, then you’ll do stellar if you make 5%.
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26 December 2018 | 15 replies
Don't be too aggressive raising rents IF you are near market.
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28 December 2018 | 32 replies
I would put it into multifamily. 10% COC is unrealistic here in Central Oregon in my opinion or at least my abilities, but I think you could by something with under performing rents and then over the coarse of a year or two raise them so you are getting 10% on your 450k, That would be using leverage.
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23 December 2018 | 7 replies
The real question, I guess for me is really how hard is it to get the prices raised over time?
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23 December 2018 | 3 replies
Per the City, the renter is not responsible for most costs and all of the financial responsibility due to a inhabitable area, is the landlords responsibility.All of these costs have been put on credit cards and have added up to nearly $68k.
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13 April 2019 | 16 replies
They should have credit cards on file and have very easy ways to catch them.
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2 January 2019 | 4 replies
If you are afraid you have spread yourself out too thin after you close, consider utilizing a 0% apr credit card just to get you started and to get your units rented out.
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3 January 2019 | 62 replies
Tied up a lot of deferred maintenance issues and just raised rent to still below market.