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24 September 2024 | 0 replies
Example - negotiated purchase of a 5 year balloon note of $280,000 remaining principal paying 11% interest for $250,000.
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23 September 2024 | 1 reply
If the letter remains unclaimed, then does the notice have to be handed off in person or can the tenant be notified through the rent payment app?
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26 September 2024 | 17 replies
If you price the deal based on the current rent roll, you will not be remotely competitive in your offer, since many other investors will price it on $1,600/mo, with a small discount to account for the remaining term of the existing leases.On expenses, as noted, what seller pays is likely very different than what you will pay.
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23 September 2024 | 2 replies
@Tommy Stark, as Bill noted above, many variables and factors affect the duration of a property remaining on the market.
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24 September 2024 | 8 replies
Entities that are not "disregarded" need their own QBO to ensure their balance sheets remain 100% accurate.We do run into an issue every now and then with some transactions that don't allow us to designate the customer/property but we've found ways to get around this and still have the transaction reflect the appropriate customer/property.This allows us to pull all the financial reports our Clients and their tax pros need to see.I'm in no way saying our way is the end-all-be-all but it works for us and our Clients' tax filers/advisors.There's a FB group called, "Bookkeepers for Real Estate Investors".
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23 September 2024 | 6 replies
As a result, we refunded the remaining two nights @ $200 per night, and the water heater wasn’t replaced in time for the next guest, so another approximately $1000 was lost, as that guest had to be moved to another property.
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24 September 2024 | 14 replies
Vigilance is key to protecting your financial well-being.In conclusion, while fintech innovations can enhance our banking experiences, it's crucial to remain vigilant and discerning.
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25 September 2024 | 11 replies
After the must-pay items are handled, then I will apply remaining funds towards rent, late fees, etc.
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23 September 2024 | 10 replies
For example, Fountain Square or the Near Eastside will jump to 30 days on market around Halloween, despite the fact Broad Ripple or Fishers will remain ultra-competitive because of their respective higher demand / low inventory.
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25 September 2024 | 29 replies
My take on TT is that they give you just enough info in everything they do to remain interested and get hyped up, and then they push hard to sell their coaching.