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15 September 2018 | 10 replies
My total bill last month was $2800 which put's me on track thus far for over 33k per year not including tax returns.I should disclose that I have another business that keeps me traveling pretty much half the year.Our Real Estate business operation looks like this:Property manager handles tenants and collects rents, he deposits all rents into our accounts and coordinates the rent roll with bookkeeping, they cut him a check for his gross collected rent management fee, bank statements are automatically sent to CPA's office for them to reconcile against business credit card statements, they also handle 95% of day to day financial operations from there to include paying contractors, setting up utilities, paying company bills ,bank deposits etc. for 4 and now 5 entities with the short term rental llc.We have a initial goal of 100 doors so I it's pretty easy to see this cost jumping significanly in the not so distant future.
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24 October 2019 | 8 replies
I suppose it could be different if you’ve done major improvements, but in our case they just sent a guy with a camera to make sure the place was still standing.
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29 September 2018 | 7 replies
@Bob Green I had reached out to the bank (New Penn Financial) and they said they are required to have the 6 month seasoning because it is F/F.
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5 October 2018 | 9 replies
(Obviously cutting an income stream is not a good decision financially, but I really want to accelerate the process and take advantage of time)
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25 September 2018 | 27 replies
What does it take to truly find financial independence?
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30 September 2018 | 8 replies
It looks like a good deal as it stand, but do you need to update anything in the house, any renovations???
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17 September 2018 | 20 replies
I recently went to a bunch of the credit unions in Philadelphia (American Heritage, Sun Federal, PFCU, Trumark Financial, PSECU, and Franklin Mint) to see the terms of their HELOCs.
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27 October 2018 | 13 replies
This process has allowed me the opportunity to learn how to make financial, marketing, and staffing decisions with someone else's investment (we're privately owned).
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12 October 2018 | 9 replies
We asked to see financials and there were crickets.
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18 September 2018 | 11 replies
My wife and I are finishing up some projects on our current SFH and then we're going to do final financial preparations to be able to jump when we find our deal.