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8 July 2024 | 6 replies
How long will it require to implement your business plan and rent / stabilize the property?
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8 July 2024 | 0 replies
Had no idea what I was oding.
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8 July 2024 | 2 replies
This separation helps in maintaining clear financial records and simplifies tax reporting and financial management.Setting up an escrow account specifically for rental income within your LLC can offer several benefits:Financial Clarity: It separates rent payments from other operational expenses, making it easier to track income and expenses related to the rental property.Legal and Compliance: Helps in demonstrating that rental income is kept distinct from personal or other business funds, which can be important for legal and tax compliance purposes.Tenant Transparency: It provides transparency to tenants and other stakeholders regarding where rental payments are deposited and how they are managed.While it may not be a legal requirement in all cases, maintaining an escrow account specifically for rental income is a prudent practice that many experienced investors and landlords follow.
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8 July 2024 | 21 replies
I recently found an agent who is willing to list properties at a discounted commission for investors in return for repeat business.
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7 July 2024 | 30 replies
any private lenders that advertises for business is a HARD MONEY LENDER ..
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9 July 2024 | 5 replies
Yes, this lender might see all kinds of deals PROJECTED on paper, but what about business returns showing the actual results?
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8 July 2024 | 3 replies
Hey Bigger Pockets Family, I recently moved to Denver, CO from Tacoma, WA where my business partner and I used to fix & flip properties.
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8 July 2024 | 4 replies
For reference, I am self-employed (I run my own online clothing business, i am 1099-k) and I've always been told that it'll be hard for me to get a conventional mortgage when you're self employed, so I am specifically asking about other types of loan options.
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7 July 2024 | 14 replies
- Refers to loans and mortgages that cover the costs of purchasing and launching your short-term rental property and business.