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15 September 2018 | 10 replies
My total bill last month was $2800 which put's me on track thus far for over 33k per year not including tax returns.I should disclose that I have another business that keeps me traveling pretty much half the year.Our Real Estate business operation looks like this:Property manager handles tenants and collects rents, he deposits all rents into our accounts and coordinates the rent roll with bookkeeping, they cut him a check for his gross collected rent management fee, bank statements are automatically sent to CPA's office for them to reconcile against business credit card statements, they also handle 95% of day to day financial operations from there to include paying contractors, setting up utilities, paying company bills ,bank deposits etc. for 4 and now 5 entities with the short term rental llc.We have a initial goal of 100 doors so I it's pretty easy to see this cost jumping significanly in the not so distant future.
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24 October 2019 | 8 replies
I'm also wondering which lenders provide good rates and turn-around times for setting up the HELOC (and should I go local or go with a nationwide lender).
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16 September 2018 | 5 replies
So they set all of the gold cars they saw in the parking lot on fire.No caption necessary for this toilet from hell.This is what a kitchen can look like when a low income tenant moves out of it.This is what a backyard can look like when a low income tenant moves out of it.If tenants in these tough neighborhoods don't have yards, don't worry they will light off their fourth of July fireworks in their bathrooms.Don't worry though.
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4 March 2020 | 9 replies
Set the comps for the area.
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25 September 2018 | 18 replies
I also recommend you set up a "Keyword Alert" for Frederick.
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27 October 2018 | 13 replies
My wife is extremely risk averse so this slowly built her confidence in us leveraging my professional skill sets outside of the W2 for greater financial gain.
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26 October 2018 | 11 replies
I plan to set aside time today to read the beginners guide.I appreciate the advice and I am on it!
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19 September 2018 | 8 replies
I am in option on this second home, and I am set to close on Monday.
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19 September 2018 | 8 replies
A few recommendations:- "E-Myth Revisited" by Michael Gerber (this will have you working on your business instead of in your business)- "Rich Dad, Poor Dad" by Robert Kiyosaki and Sharon Lechter (this provides a more foundational perspective on money)- "Cashflow Quadrant" by Robert Kiyosaki (further builds on the "Rich Dad, Poor Dad" foundation)- "Set for Life" by Scott Trench- "Long-Distance Real Estate Investing" by David Greene- "The Book on Managing Rental Properties' by Brandon Turner and Heather Turner- "The Miracle Morning" by Hal Elrod-"HOLD" by Gary Keller (geared toward SFR)-"The ABCs of Real Estate Investing" by Ken McElroy (geared toward commercial investing)"Multi-Family Millions" by David Lyndahl (This is on my list of "To-Reads".
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19 September 2018 | 5 replies
But also if the price increased, the buyer still gets the set price.