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14 February 2019 | 16 replies
But I have accountants nationwide that maintain that they can do those sales and purchases with related parties as long as they maintain meticulous records and use arms length market valuations.
17 November 2018 | 2 replies
Find a reputable accountant, this is too big of a decision to listen to someone in an online forum.
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18 November 2018 | 2 replies
If you're looking at an investment of that size, you're best off getting a commercial real estate appraisal done.
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25 November 2018 | 16 replies
The mentioned house looks reasonable to me , recent renovation , ok-ish size, realtor link:https://www.realtor.com/realestateandhomes-detail/...Not sure if it is qualified for 1400 range :)
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28 April 2019 | 9 replies
Your assets are light for a deal this size to qualify.How debt works and ratio's involved will likely depend on what going in cap rate the income throws off with purchase price.There are hundreds of items to analyze when looking over a retail property and takes a lot of time and due diligence.The items listed for roof, parking lot, etc. can equal in to the six figures in costs so very substantial to repair or replace.
18 November 2018 | 2 replies
All of the accounting work is done with quickbooks, so I believe I'm looking for software to best help out with managing tenants, leases, payments, showings....etc..Thank you,Bobby P.
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24 November 2018 | 6 replies
It factors in their rank, how many dependents they have, etc. so based on the house size and who your targeting the rent may be too high.
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29 November 2019 | 6 replies
People doing 10+ deals a year4-6 peoplePeople that want to be open and share best practices – a diverse group of investorsPeople willing to provide constructive feedbackAn initial call for everyone to explain their business model – what you are doing, what you are looking for, etc.Once a month organized calls (Skype or Google) with an agendaA shared group (probably on Facebook, Google drive) where we can share ideas outside of our meeting timesCommunication and accountability outside of the once/month meetingThis is an evolving thing and I am open to best practices and ideas others might have.
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20 November 2018 | 6 replies
I would at turn over endevour to take all carpet out and replace with hard surface flooring.. also depending on the size of the company and man power it could be hard to get instant communications.running rentals or running PM's is not a set it and forget it thing. you have to be diligently engaged
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19 November 2018 | 16 replies
My wife usually does our taxes as she majored in accounting (is not an accountant).