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9 November 2024 | 9 replies
Hey @Brody Veilleux, absolutely, QuickBooks Online and other software that have a "bank feed" feature allow you to connect as many financial accounts as you like and the transactions flow into the software automatically.We use QuickBooks Online exclusively for all of our REI Clients.
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11 November 2024 | 9 replies
I accept advice on how to proceed, whether the best move is to ask for a loan from the bank or look for a lender or wait until I have more money.
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11 November 2024 | 9 replies
Any insight into what’s commonly accepted would be great.Thanks in advance for any tips or experiences you can share.
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10 November 2024 | 2 replies
Directly investing in real property investments, whether property, notes, tax liens, or leases requires a THOROUGH understanding of all LEGAL aspects concerning real estate law in general and the investment in particular.It’s IMPOSSIBLE for someone who hasn’t accumulated either a legal education in real estate law or 20 years active experience to have the knowledge and understanding of legal aspects sufficient to reduce legal risk to an acceptable level when investing directly in tax liens, notes or real property.
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26 November 2024 | 86 replies
Only violate this rule after you’ve had SIGNIFICANT personal experience with the particular syndicator. 4- if you can’t afford to lose capital invest in Vanguard Money Market Fund instead of real estate As for “calling out” syndicators who don’t want to engage with the investors whose money they accepted, and want to threaten legal action against those same investors, it would be GREAT to expose them and hopefully make it impossible for them to continue syndicating.
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8 November 2024 | 3 replies
It was bought at a public auction where nearly 200 properties were auctioned off one by one with an announcement that the first six will be sold absolute, meaning the successful buyer with the highest bid will be accepted.
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8 November 2024 | 3 replies
We’re one ofthe few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must =3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenantspossible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of anotherapplicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then takingseveral days to submit.
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2 November 2024 | 11 replies
My account is disabled stating I needed exclusive agreements on my rentals.
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7 November 2024 | 13 replies
Many of us on this sub-section have either gone into or fallen into multifamily investing exclusively so I believe it's worth asking the question of what the future could potentially hold long term.
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11 November 2024 | 10 replies
Accept a lower price due to the increased risk of the tenant 2.