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28 February 2024 | 2 replies
How many lines of credit would I need?
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28 February 2024 | 10 replies
My credit score is between 750 and 760.
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29 February 2024 | 7 replies
I would definitely plan on using credit cards for any purchases when I would go to keep a paper trail.
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29 February 2024 | 4 replies
Work with your accountant to do so just in case there's any issues remaining in that LLC.
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1 March 2024 | 26 replies
Its not ideal but it can stem the bleeding in your bank account.
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28 February 2024 | 3 replies
My portfolio is expanding and I feel I need to make a switch to a different software (I am currently using Innago) which has worked well for years but is missing some of the more sophisticated features - there is no mobile app for landlords so it's hard to manage on the go, there is no accounting functionality built in, changing lease terms/renewals can be clunky.
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28 February 2024 | 2 replies
Hello @Tedman Cheng, If you are worried about taking the capital gains hit, ensure that all the capital does not hit your account by splitting that up with your partners.
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29 February 2024 | 4 replies
You could hold dividend growth stocks (like the PG and KO...) and still get a better dividend and growht (to account/offset property appreciation).Don't forget that depreciation has to be paid back when/if you sell the real property to fully access your cash.https://www.biggerpockets.com/forums/48/topics/1169308-equity-rich-need-advice?
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29 February 2024 | 24 replies
You’re an accountant, so it’s not shocking that you think what I said isnt ideal advice.
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29 February 2024 | 4 replies
If they ask why, I've always said so both our credit isn't burdened unnecessarily.