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31 December 2024 | 1 reply
The Corporate Transparency Act (CTA), which requires businesses to report Beneficial Ownership Information (BOI) to combat financial crimes, is now facing uncertainty due to a recent federal court ruling:What Happened?
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9 January 2025 | 5 replies
I would prefer 4, but I have to make the numbers make sense for me and my current financial position.I attended a webinar last night from a veteran who's been in real estate for years and understands use of the VA loan.
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15 January 2025 | 11 replies
I knew I was adequately insured and had zero risk of financial consequences.
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5 January 2025 | 7 replies
@John Friendas it's close to the 1% rule which is good, but I would still run the financials on it.
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22 January 2025 | 31 replies
Regardless, you might find the copy & paste info below helpful:)--------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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6 January 2025 | 28 replies
Quote from @Tom Hall: My mortgage rate is very high and I would like to pay some of it off, so that my monthly payments would go down a bit, I dont know if it is financial smart to do it or not?
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9 January 2025 | 116 replies
Greenock Financials 2018 2021 Revenue $60,030 $64,640 Gross Potential Rent $62,400 $67,200 Avg.
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2 January 2025 | 1 reply
We do about 20-25/yr so financially it makes sense.
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3 January 2025 | 12 replies
Here’s the situation (personal details removed):The tenant reached out explaining that they’re going through financial difficulties due to an ongoing divorce and lack of child support.
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11 January 2025 | 11 replies
However, sometimes investing is more than just the financial return.