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10 July 2024 | 7 replies
Once you get it, look up the process for filing a temporary restraining order against that person / those persons, and do it.
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10 July 2024 | 6 replies
Should the person connecting these two get a fee?
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10 July 2024 | 5 replies
Obviously, a rational person isn't going to spend every dollar in the business account and would be pointless to let all cashflow sit in cash at a bank and never make any money personally.If you have any information to share, that would be appreciated.
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8 July 2024 | 18 replies
I personally don't think that will last if rates drop and people jump back in, so I'd say reinvest while prices are "low" right now.
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10 July 2024 | 6 replies
Feel free to DM me if you want a little help digging in on the numbers further.
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10 July 2024 | 6 replies
Dealing with problematic tenants, constant maintenance issues, and the pressure from family and friends who don't seem to understand your vision can make it all feel like an uphill battle.
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10 July 2024 | 1 reply
If we can be of any help, please feel free to reach out.
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8 July 2024 | 2 replies
This separation helps in maintaining clear financial records and simplifies tax reporting and financial management.Setting up an escrow account specifically for rental income within your LLC can offer several benefits:Financial Clarity: It separates rent payments from other operational expenses, making it easier to track income and expenses related to the rental property.Legal and Compliance: Helps in demonstrating that rental income is kept distinct from personal or other business funds, which can be important for legal and tax compliance purposes.Tenant Transparency: It provides transparency to tenants and other stakeholders regarding where rental payments are deposited and how they are managed.While it may not be a legal requirement in all cases, maintaining an escrow account specifically for rental income is a prudent practice that many experienced investors and landlords follow.
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10 July 2024 | 2 replies
Hello Arnold, I personally used my 401k to buy my home back in 2017 so I know from experience its a pretty easy process.
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12 July 2024 | 14 replies
Feel free to connect.