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13 March 2024 | 28 replies
Examples include owning a single family and renting out a room, or owning a multi family property, living on one floor, and renting out the other
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15 March 2024 | 17 replies
I ran a AVM on it comes to $166000 which won't account for anything special upgrades. $123500 isn't going to get all you invested back, and there will surely be a prepay penalty as lenders think you will continue to try and sell.
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13 March 2024 | 13 replies
I am a very extroverted person so working in accounting is just not a good fit for me.
14 March 2024 | 3 replies
I would recommend you get a strong team around you, a good realtor (mine helps me with things sometimes regarding property I currently own), a good attorney, an accountant, a bookkeeper, and a property manager.
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14 March 2024 | 4 replies
Talk with your tax accountant.
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11 March 2024 | 5 replies
Hi everyone, I'm a long time reader yet this is my first posting in these wonderful forums.In the scenario of a single member LLC owed, owner occupied and self-managed multifamily building, is it best practice to be paid from the LLC for self-managed expenses/labor?
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14 March 2024 | 2 replies
Hey @John Ba, Best way to handle this going forward is hold the property in an American LLC with its own bank account, so you can clearly delineate the expenses and income as well as get some asset protection.
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15 March 2024 | 214 replies
Specializing in how to use your investment accounts to invest.
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15 March 2024 | 13 replies
I feel I do need a mentor and or an accountability coach to help me through the beginning stages of my real estate journey.
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14 March 2024 | 5 replies
To me, I sold all SFR to buy industrial single tenant NNN.