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19 January 2025 | 46 replies
When I asked for a loan, they asked if my business received money in Euros.
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9 February 2025 | 33 replies
I have 7 MTR and my income is 1.7x my long-term rates ($1200 vs $2000), but that is very specific to my properties, my location, my business model, etc.
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24 January 2025 | 18 replies
Make sure you do business with people you have vetted and are confident they will get the job done.
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31 December 2024 | 1 reply
In response, FinCEN announced that BOI reporting is currently not required and businesses will not face penalties for failing to report while the injunction is in place.3.
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23 January 2025 | 11 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.
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23 January 2025 | 15 replies
If the property is solely tenant occupied you will be looking for a Dwelling/Fire Policy (may be called a Landlord policy or similar name) or a commercial policy such as a Business Qwners or Package policy.Most homeowners or dwelling/fire policies include:1.
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24 January 2025 | 6 replies
It separates your personal assets from your business, providing a safeguard if any legal issues arise related to tenants or the property.
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31 January 2025 | 27 replies
No, it's not a normal business practice and does not pass the smell test.From driving?
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23 January 2025 | 1 reply
Be honest with them if that is what you are doing though so you don't waste their time if they are busy.
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23 January 2025 | 2 replies
Loan officers with 25 years of experience typically are more experienced, and have less time per file, because they have an abundance of files.Loan officers with 25 months of experience typically are less experienced, but have more time to devote to you.I can't write my own loans, so when I'm getting a loan I prefer working with less busy people when I'm doing my own real estate investment, they're more responsive and dedicated it feels like.