17 June 2024 | 0 replies
To address this, we agreed that I would work in the business for six months to verify the financials, which so far align with his POS system.My main issue is that at 23, I don't have strong financials to get a conventional loan at 75% LTV with a ~7% rate, and the seller's lack of financials complicates bank approval.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2883924/small_1701133559-avatar-nancyc152.jpg?twic=v1/output=image&v=2)
17 June 2024 | 0 replies
Has anyone done business with CLick invest?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2137287/small_1695074203-avatar-statonj.jpg?twic=v1/output=image&v=2)
18 June 2024 | 9 replies
Is it a vacation home that you also rent out, or is it a business that you stayed in for 14nights or fewer last year?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2637306/small_1738198321-avatar-rfj5002.jpg?twic=v1/output=image&v=2)
17 June 2024 | 9 replies
Thanks for your response.If current owner has no security deposits in escrow am I allowed to require deposits or renters insurance upon closing the sale?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2990099/small_1712416124-avatar-ernestf18.jpg?twic=v1/output=image&v=2)
17 June 2024 | 6 replies
Ernest,Besides all the real estate/property/transactional tips above; you need to understand that running a short term rental is running a business.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1873118/small_1694602133-avatar-armandol24.jpg?twic=v1/output=image&v=2)
17 June 2024 | 7 replies
When you get them on the phone setup a time to do a zoom call, see how they do business, who the connections are they have, and if you get to know them through those conversations and feel good go meet them in person.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2728479/small_1696909625-avatar-connorh159.jpg?twic=v1/output=image&v=2)
17 June 2024 | 11 replies
Frankly, I would be surprised if a real estate agency would want to hold rent properties in the same entity as their brokerage business.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2950445/small_1708227298-avatar-lanem46.jpg?twic=v1/output=image&v=2)
16 June 2024 | 7 replies
Any 'investment' can act as a 'retirement'.Roth is great because it is tax freeI personally like real estate also becuase your cash flow is normally shielded by depreciation.I like real estate further because there is less complixities / restrictions when it comes to IRA such as the 5 year rule, year you have to take distributions, RMD, Unrelated Business Income Tax(UBIT).Your goal is to have the best return and the most money at the time of retirement, what is the best way to get there?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1738506/small_1621515161-avatar-jstagg2011.jpg?twic=v1/output=image&v=2)
17 June 2024 | 26 replies
Are any of this companies allow you to quit claim title so that you can change to an LLc?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/325754/small_1694670085-avatar-worldknown.jpg?twic=v1/output=image&v=2)
15 June 2024 | 30 replies
My staff knows that if an owner is calling that they need to do their best to answer that call.We do not allow the tenants to make repairs whatsoever.