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25 June 2024 | 3 replies
Clear separation helps demonstrate that rental properties are business activities.Bookkeeping Accuracy: It’s easier to reconcile and categorize expenses when they’re all in one place, reducing the chance of missing deductible expenses.Professionalism: Separate accounts show a more professional approach to managing rental properties, which can be beneficial if you seek financing or partnerships.2.
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24 June 2024 | 7 replies
I know I need help with Go-To-Market strategies and train two members of my team to help as business relationship specialists.
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25 June 2024 | 18 replies
Most require skin in the game on deals and work like this:Rates: 10% to 14% (Most Deals are 12%)Terms: 1 Day - 24 Months (Most Deals are 6 months)Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 Max Loan: 65-70% of After Repair Value(ARV) 100% Rehab Financing Available (Most Deals require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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25 June 2024 | 20 replies
We are lucky to have contractors we use regularly locally and get bumped up in the cue when we need work done because they know we are here for the long haul and will keep bringing them business.
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24 June 2024 | 7 replies
Regarding charges for damages, it depends on state & local laws AND court/judge tendancies.Most leases state tenants must return a property back to the owner/landlord in the same or better condition than when they took possession - normal wear & tear excepted.So, what is "normal wear & tear"?
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24 June 2024 | 5 replies
I read the business news to find out about new developments.
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24 June 2024 | 8 replies
However, it mainly depends on LTV, cash flow, and credit so it is hard to say without knowing the full details.
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24 June 2024 | 4 replies
So far, I've managed to build a really good team to support my business from agents and contractors to wholesalers and lenders.
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24 June 2024 | 9 replies
Vacany rate is about 10% for LTR, days on market depends but 15-30, 33609, 33607, 33603, 33604, 33605, 33615, 33616 to name a few. 3/2 even 2/1 can be rented easily, you have an array of options.
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24 June 2024 | 1 reply
My business partner spent over six months negotiating with the seller and we ultimately purchased at a 20% reduction from asking price.