24 May 2020 | 10 replies
Buildium is a bit newer, more user friendly and in my opinion has better support.
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13 May 2020 | 34 replies
Many investors are happy with or chase the 1% rule well in Detroit ourselves and our clients and investors with the right support or know how follow the 2% and above rule.
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1 May 2020 | 3 replies
You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.
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1 May 2020 | 6 replies
Your support and encouragement have been instrumental in my success!
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4 May 2020 | 2 replies
Ideally, you build up a strong portfolio that will support your family in retirement.
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7 May 2020 | 11 replies
However, like everybody mentioned before me, those houses needs full updates.Especially mechanical and electric service upgrades.Most likely, they work on older wiring.If you don't update it now, it would be fine, but if you decide to change it to central air etc... it will not be enough to support the new system.I would budget everything, and make smart upgrades.
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7 May 2020 | 5 replies
There are some models that provide total flexibility in training and support - which is what I had to seek out to be successful.
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6 May 2020 | 12 replies
If you build an experienced renovation loan team around you (experienced lender, contractor, and consultant) you can have a nice support system there to guide you on your first one, which was a big help for me!
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4 May 2020 | 10 replies
I have to admit there is so much to cover and it is a little overwhelming, however, from what I have read this seems to be a very supportive community.
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13 May 2020 | 8 replies
I am not on the 1031 exchange but I will be providing support for loans, income, etc.Scenario 1: Purchase 1st, 2nd, 3rd property with 1031 exchange X amount fulfilling transaction and all requirements for exchange granted all financing is approved and completed.Scenario 2: Purchase 1st property with 1031 exchange under parters name only, fulfill requirements for exchange, acquire rest of funds with no tax, then complete 2nd and 3rd property transaction with funds on my name only.Scenario 3: Purchase 1st property all cash with 1031 exchange, HELOC on 1st property to acquire property 2 and 3.Look forward to hearing what the BP community can assist with and allow me to learn through this processThank you!