Devin Ellinwood
What happens now?
13 February 2024 | 2 replies
In terms of cash flow, there are a lot of other things to look out for like cap ex, HOA fees, insurance fees and evictions that can eat your cash flow.There's risk inherently involved in every investment, which is why it's important to cover yourself with reserves and exit-strategies.
Michael Cheng
I know nothing - investing in rentals with cash?
15 February 2024 | 28 replies
Get a good lawyer, pay him to monitor your communications and work with listing agents directly so you're not making rookie mistakes(they'll charge a flat fee or like 1-2 hours so nothing egregious). 99% of "investor" friendly agents are not that, they're ****.
Chelsey Pratt
My name is Chelsey Pratt
13 February 2024 | 3 replies
They will not connect with you until you pay them the their five figure "fee" and even then i doubt its them talking to you.
Evan Hauler
Pay or Vacate Notice
13 February 2024 | 10 replies
In Delaware a 5 day grace period is mandatory so you can't collect a late fee until the 6th.
Sejin Kim
How to make positive cash flow.
13 February 2024 | 8 replies
Happy to brainstorm with you about these priorities and chat about the various STR communities, home sizes, theming (super important) and other factors that lead to a successful property.
David Rosen
Do I send 1099-NEC to property manager if they use AppFolio for accounting?
13 February 2024 | 4 replies
The tenants pay through AppFolio and I am disbursed the rent, minus their fees.
Jeffrey Stocker
In Search of Twin Cities, MN CPA
13 February 2024 | 4 replies
To help you in your search: be sure to find an accountant that is willing to grow with you, and is not too high priced fee wise.
Derek Hagglof
Advice on how to proceed
13 February 2024 | 6 replies
If we sell for $4.5 mil. after broker fees and the mortgage we could walk away with about $3.5 mil.
David Fals
401k contributions or Real Estate Investing
14 February 2024 | 59 replies
The list toward the beginning of this thread listing the pros and cons of 401k’s left out the biggest con: high fees.
Brian Garrett
LLC and Commercial Loan?
14 February 2024 | 32 replies
I used a house I paid cash for as collateral for a commercial loan in the name of my LLC...but I still had to personally endorse the note so my personal credit was a factor.