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9 November 2024 | 9 replies
@Brittane Jenkins A few other somewhat creative ways: 401k loan (if you're comfortable with that), margin account on your stock investments, seller financing for the downpayment (usually has to be done with a business or commercial loan for the remaining part of the loan).
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8 November 2024 | 19 replies
I apply their security deposit first ($1,500) and then charge them for the remaining $2,500 owed.
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8 November 2024 | 3 replies
hi guys,I have saved a 20% downpayment a property but struggling to save the remaining 65K for fixing the property up.Example, the property cost 150K, I saved up 35k, but struggling to save up an additional 65K to do the rehab (my understanding the lender will not give me the rehab money right away, I have to pay my own money to start rehabbing and the lender then will reimburse me in stages the rehab portion)Correct?
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8 November 2024 | 6 replies
However, while the owners can remain anonymous, the names and addresses of the managers must be submitted to the state, although this information is not publicly accessible.At this point I’m not certain if I did something incorrectly in the LLC setup, or if the information not being publicly accessible is a falsehood.
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11 November 2024 | 14 replies
It's a great idea to put together a single document summarizing the financials remaining properties (which I manage remotely) and teach her about commercial leases.
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31 October 2024 | 3 replies
Inflation erodes the value of our money, meaning goods and services cost more over time.
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7 November 2024 | 5 replies
@Dani Beit-Or,Yes, since you're taking some profit (the primary exclusion) out that would reduce your reinvestment requirements by that much.the 1031 exchange will defer all of the remaining gain and the depreciation recapture.In your situation, you will have a total profit of around $1.5.
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6 November 2024 | 17 replies
When rental prices go up quickly like they did in many areas the last few years, that doesn't mean that a tenant's income increases at the same rate in lock-step with inflation.
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7 November 2024 | 0 replies
The property remains a valuable asset in my portfolio, delivering strong returns while requiring minimal ongoing investment.
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6 November 2024 | 10 replies
Feel free to DM if interested and I'm happy to help.Competition is tougher than ever, we're requesting all our clients budget $2-$3k per year minimum in upgrades to remain on top.