Kingston Yi
What's the difference between a HELOC and a Cash Out Refinance?
1 April 2024 | 7 replies
A HELOC is like a credit card with a variable interest rate, enabling flexible borrowing as needed, with interest payments on the utilized amount.
Bryan Nwokem
What should I do ( FIRST POST)
2 April 2024 | 45 replies
You may need to make 50 legitimate offers before you get one accepted.
Clarence Jones
How Should I Start my Journey?
31 March 2024 | 14 replies
First-time investors often employ the approach of "house hacking," which enables them to create rental revenue while offsetting housing expenditures.Investing in real estate with a percentage of your salary and participating in employer-sponsored retirement plans are two ways to save prudently while working.
Cisco Gutierrez
How Common are Down Payments to Apply for Loan
29 March 2024 | 4 replies
If the terms sound too good to be true, something does not feel right, or it’s not right situationally, it make not be legitimate.
Cody Z.
Fellow CPAs: What automation-related advisory services do your clients need most?
29 March 2024 | 0 replies
I wanted to get some feedback from folks who are actively serving clients and see potential areas where their clients have unmet needs.Business intelligence solutions: Data visualization and storytelling to help clients make data-driven decisionsScalable finance and accounting workflow automation: Using ETL tools to streamline processes and reduce manual workOverall workflow solutions: Automating routine and manual tasks to increase efficiencyProcess-level written documentation and standard operating procedures: Ensuring consistency and clarity in business processesDynamic Excel workflows: Enabling users to model data effectively and efficiently at scale"From my experience, if folks have at least a sizable number of properties (25+), they could likely benefit from these areas to increase efficiency, reduce costs, and ultimately improve ROI.I'm eager to hear your thoughts and insights on the automation-related needs you see among your clients.
Pierre Eade
DSCR Lenders or HELOC on Investment
29 March 2024 | 9 replies
That enabled me to continue growing my portfolio.
Allan Pan
Seeking Advice on House Hacking Opportunities Near San Diego
28 March 2024 | 5 replies
My ideal scenario involves acquiring a 2-4 unit property or a single-family home with an ADU, enabling me to leverage rental income to qualify for a larger mortgage.
Lauren Kormylo
VRBO Photo Debacle
28 March 2024 | 22 replies
Perhaps sharing a report on click-thru rates of our listing pics to enable hosts to make their own decisions would have been a better use of their time.
Al Seward
If I house hack first, how can I afford my single family home a year later?
27 March 2024 | 10 replies
A reduced down payment while using an FHA loan for house purchase may enable greater money for upcoming costs or investments.
John D.
Can I create a Solo 401K with only rental income?
26 March 2024 | 12 replies
You need legitimate self-employment activity or business with "earned" income to be eligible for a Solo 401k plan.You can't contribute passive income from schedule E, but earned self-employment income from schedule C is eligible, so your understanding is correct.