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19 April 2024 | 9 replies
Depending on location, you can go mid term rental target traveling nurses/ business travelers (if you are subject to HOA rules check that first to see if its allowed).
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16 April 2024 | 6 replies
I love the model and it does come with its own set of challenges (so does conventional leasing).
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15 April 2024 | 0 replies
So I was buying repair items for my rental at Home Depot and I forgot and used my personal debit card...is there a simple way of expensing the items and paying for them out of the business account AFTER the fact?
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18 April 2024 | 28 replies
@Don KonipolThe same can be said on note investing as wellI had a conversation with another investor and asked them “how many gurus / people with training programs are actually actively buying in the business”You could hear the crickets.
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18 April 2024 | 14 replies
It appears that the full building is a rental(business asset) which is therefore, eligible to benefit from the cost segregation study.
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18 April 2024 | 0 replies
Short-Term Rentals:With its growing tourism industry and thriving business sector, Charlotte is a hotspot for short-term rental properties.
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18 April 2024 | 2 replies
Hi Salvatore,If you don't transfer the title and the mortgage to the LLC and do all the paperwork to show your LLC instead of your name, then you are still liable for any issue that happens to your tenant if they want to sue you.Mortgage companies in general allow to transfer to an LLC after one or two years.As Bill's mentioned, don't commingle funds is key as well, as soon as an LLC is open you have to open an LLC business account and everything towards the LLC goes there.
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17 April 2024 | 4 replies
I have $14k saved up right now and I have my own business, from which I earn about $1-2k per month.
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18 April 2024 | 10 replies
There is a chicken/egg problem there because you need the business to need the warehouse and you need the warehouse to have the business.Also, I've thought about finding an accredited investor who would put the money into an oil well on my behalf.
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16 April 2024 | 2 replies
It's also essential to stress-test assumptions, ensuring the deal can withstand tough scenarios.Using models or spreadsheets streamlines the process, but mastering underwriting takes time and experience, evolving with market changes.In short, underwriting involves dissecting financials, considering market trends, and stress-testing assumptions.