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8 January 2025 | 38 replies
I’d hold the PM accountable for poor oversight—they should’ve been more proactive.That said, it’s also important to weigh the long-term relationship with your PM.
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23 January 2025 | 30 replies
Following this exchange, and after a few more callouts from Melanie, you appear to have downgraded your account on BiggerPockets, and gone inactive coming back only recently to respond to Melanie's post here.
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24 December 2024 | 9 replies
An example of this would be mixing your personal money and LLC money in the same bank account.3.
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9 January 2025 | 4 replies
Here are a couple of ways you could structure the deal:Lease Option with Seller Financing: You could lease the property with an option to buy later, allowing you to rehab it while giving the sellers time to find a 1031 replacement property.Seller Financing with Deferred Payment: Structure the seller financing with no immediate payments, allowing you to refinance once the property is appraised, and the sellers can complete the 1031 exchange when ready.Escrow Holdback: Transfer the deed into an escrow account, giving you control without immediate transfer, so the sellers can take their time with the 1031.Third-Party Facilitation: Use a qualified intermediary to hold funds and facilitate the 1031 exchange while you refinance.These options allow flexibility for both you and the sellers.
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19 December 2024 | 82 replies
•Set up your EIN and operating agreement.2.Set Up Your Business Bank Accounts:•Open 3–5 business bank accounts to give your money purpose:•Income Account: For revenue and deposits.
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7 January 2025 | 2 replies
Remember to account for potential surprises.
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7 January 2025 | 13 replies
This frustrating because she claims that she reserves the right to ignore me because she is working.We use zelle for payment and it happens to be her sister's account.
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17 February 2025 | 69 replies
Then I have to say also my client being a Civil Engineer is wildly organized as good as I have ever seen and far better than I could have done on my own thats for sure..
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13 January 2025 | 15 replies
It may be that they are underwriting the property at a significantly different valuation than what you are using or that they feel that you or the deal is excessively risky.Great advice here, and a good HML will have an account rep or someone to communicate with you through the process so that you know.
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31 December 2024 | 418 replies
I also asked if there was accounting I could see that shows my share of the equity as a whole?