Ross Kline
At what point should someone hire a CPA or Advisor?
23 December 2022 | 10 replies
I think if your tax return is simple(W-2 and a couple of interest/brokerage accounts), then software like turbo tax, H&R block will likely do just fine.However, when you get into investments(Real Estate, Syndications, etc), you may be better off hiring a professional.I think it is a good idea to match your tax profile with that of the professional.If you are a real estate professional, work with a CPA who understands real estate taxation.I also think people need to find the right fit with the CPA.I often find small real estate investors try to work with a large firm where their target market might be large institutional investors.
Kristian Kotov
Advice on Looking for Commercial Lender for a 5-Unit Building?
10 December 2022 | 17 replies
So regardless of LTV, DSCR confirm that the lender will accept a first time investor.
Nick Wehrley
Should I have Operating Agreement for Solo LLC?
23 December 2022 | 8 replies
If you ever go to sell a property the title company is going to ask for a copy so they can confirm you are authorized to sign and own the company.
Stefan Hirniak
LLC loans impacting DTI
26 December 2022 | 14 replies
Believe when I tell you the Underwriters will fight you on this, but once you cite this and have them call Freddie to confirm.
Jordan Alexander
LLCs - One or Multiple?
6 January 2023 | 9 replies
That's the job of bookkeeping software.
Carla Jones
Questions on wholesaling Land vs Property
15 December 2022 | 6 replies
Additionally, something that no one ever mentions is that many of these parcels have a 0 address, such as "0 Road", so many commercial real-estate software may not have these which is a competitive advantage that you'll have.
Anna Marcotte
[Calc Review] Help me analyze this deal
5 December 2022 | 2 replies
We have finally hit interest rate under 6% but I will have the confirm exactly where we are at.
Henry Lazerow
Chicago prices declined at only 60% of the national rate M/M
3 December 2022 | 4 replies
Interest rates already have dropped over a half a percent since last CPI showed inflation falling and the fed confirmed a pivot this week.
Joe S.
Pros and cons of adding PM to your insurance
16 December 2022 | 13 replies
If the PM is making the insurance payments for you, they might be less concerned than if you were paying direct and not providing any confirmation.
Les Richardson
New investor chasing my first deal...advice appreciated !!
4 December 2022 | 9 replies
Valid points...I think we can accomplish the rehab for considerably less than 30k...I plan on handling that personally .I especially appreciate your thought on the ARV value confirmation as well...if thats not correct the whole deal is a no go.