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1 June 2024 | 3 replies
The transfer should be a credit to the bank account, but the debit should be to Loan Payable for the principal amount and interest, and the rest to insurance and taxes.The LLC is a disregarded entity for IRS purposes and uses the owner's Social Security number to report on Schedule E, page one.
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1 June 2024 | 7 replies
If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.
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31 May 2024 | 12 replies
I'm new to this concept, but I've heard insurances will pay recently for displaced families.
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3 June 2024 | 9 replies
If you plan to expand your portfolio, starting with a 4-plex might provide a stronger foundation for future investments.It's also worth consulting with a local real estate agent or financial advisor who specializes in investment properties to get personalized advice based on your financial situation and market conditions.Best of luck with your investment!
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2 June 2024 | 6 replies
I am considering purchasing a large 2 family in the Bergen-Lafayette area of Jersey City with plans to convert into two condos (plans area already in place).
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3 June 2024 | 10 replies
Your cap ex and management will likely to be factored in and are you planning on seeing these in person.
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3 June 2024 | 9 replies
You should always fly down to the market you are investing in and set strong standards with everyone you plan to work with.
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2 June 2024 | 2 replies
Additionally, once your tenants move into the rental, you will ask them to sign up for their own electricity plan.
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5 June 2024 | 28 replies
My cash is tied up atm but I'm looking to make some connections and start learning and planning now.
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29 May 2024 | 10 replies
I have a contract on a 4 plex and have always used Farmers Insurance.