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21 August 2024 | 7 replies
(Imagine buying a primary home from a relative for $200k more than it’s worth.
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19 August 2024 | 6 replies
If you go through a bank or traditional lender, they will report your mortgage, but at this point the DSCR rates are as good or better than the traditional mortgage rates, and the LTV are the same.
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22 August 2024 | 4 replies
Specifically:Is it possible to have multiple checking accounts linked for payouts on OTAs other than Airbnb if I were the listing holder on these platforms?
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19 August 2024 | 2 replies
Partner #2 married couple: W is the buying selling RE agent on every house in LLC and Husband oversees contractor/project.
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21 August 2024 | 18 replies
but it's not 2016 anymore.it's just to pay the same, or less than, you would renting.I'm going to use simple numbers. say you could rent for $2000 a month, or you could house hack, and if you house hack, you'd still need to pay $1432 toward the mortgage after collecting rent. this is way, way better. why?
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17 August 2024 | 9 replies
Quickbooks is far more than the average investor needs for accounting, and it doesn't do the other 17 tasks a landlord wants like marketing property, tracking maintenance, landlord reports, etc.Software is a common question on BiggerPockets.
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20 August 2024 | 2 replies
In my experience these are the levels of how financial fraud is doneLevel 1 - The “sponsor” is a fraudster from the beginning and the entire investment is a designed fraud designed to steal the investor's money Level 2 - The sponsor initially intends to operate legally and honestly but the temptation of easy access to money, usually fueled by addictions to drugs, sex, partying, etc. leads to the bad decision to line the sponsors own pocketsLevel 3 - The sponsor intends to operate legally but a crisis in their life resulting in a need for money leads the sponsor to “borrow” from investor’s funds with the full intention of paying it back ( which they are unable to do).Level 4 - The sponsor intends to operate legally but the assets under their management incur substantial loses; the sponsor attempts to cover up these loses by “temporarily” borrowing from one investor to pay another or submitting false results.
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21 August 2024 | 15 replies
But other than that - where do we find information with this?
19 August 2024 | 1 reply
@Andrey AndronovichThose expenses usually don't have that much flexibility.
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21 August 2024 | 1 reply
I didn't see any requirement for compensation in this regard, so I don't think I technically owe her anything, but offered $50 for the inconvenience, since it was longer than she initially was ok with.