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15 July 2024 | 8 replies
Does my LLC pay me and then I put that into the MM account?
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16 July 2024 | 18 replies
Buy something where the rent coming into you is more than the cost of owning it, which will include taxes and insurance, and downtime between renters while the unit is turned, and sometimes roof replacement, etc...
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19 July 2024 | 6 replies
I don't know what my company pays for it, but Hubspot works extremely well for us!
18 July 2024 | 6 replies
Cons: - I think property tax rates are kind of high.
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18 July 2024 | 3 replies
If I'd know that I'd be paying it for the life of the loan I would have been better off paying the extra 5% down payment and enjoyed the lower interest rate but I don't recall ever being informed of that or reading it anywhere in my documents.
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16 July 2024 | 0 replies
AI can be beneficial both for operations as well as your taxes.
14 July 2024 | 3 replies
I hired someone else to work on the project, and I am okay with paying him in full and just moving on to the next project.I have already paid him ~300k, and ~40k of the last payment is remaining.
18 July 2024 | 10 replies
Like do some cleaning job, contacting maintenance people, knowing how to pay water bills etc. these are all the basic work when you become a landlord and you need to know how to manage your property first.
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13 July 2024 | 10 replies
Hi, I am using Turbo tax to file K1 form, the NC state tax is filed as non-resident alien.
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16 July 2024 | 4 replies
They are asking 950K.Gross rents: 100,800Utilities: 3KInsurance: 7KProperty taxes are roughly 10K for each 450K in value.Repair/Maintenance: Don't have figures yet but I'm assuming it'll average out around 10K a year.The lender I am speaking with also requires me to also include an 8% vacancy rate and a 5% management fee whether I have those or not.With an interest rate of 8.15% and 20 year amortization, I can't get close to a 1.2 DSCR until my amount borrowed is down to about 450K.