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Hello All-I am interested in applying for the Florida Mortgage Servicer License. According to statute 494.00721, the company must maintain a net worth requirement of $250k in order to originate and service the debt on...
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Hello everyone,I recently bought a second property in Michigan and I'm really excited to get it rented. However, I was unsure whether I needed to open a new bank to manage the finances associated with the property. I ...
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While researching the best options for incorporating I have found that a Series LLC in Texas is an easy and viable option. If I am not mistaken, in order to maintain asset protection the financials for each "child ser...
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I finally purchase a single family home with a hot tub in the yard. Thanks everyone who gave me the advises for my first post! The hot tub is in the good condition. I may need a few hundreds to fix the electrical sinc...
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Hey everyone,I'm in the process of setting up a management agreement between myself and a fellow investor for a specific property. I needed some guidance as to the best way to set up the accounts related to the proper...
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Pay off some credit card debt or hold on to Capital
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https://www.azcentral.com/story/news/local/scottsdale/2023/0...AI Summary Here for those who don't want to read the article: Local governments in Arizona are advocating for increased regulation of the short-term renta...
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Ive been asked to become part of a GP in a syndication by providing my balance sheet in order to get the acquisition loan. Does anyone know what a fair piece of the equity would be for providing your balance sheet to...
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This is my first Bigger Pockets post, hope someone would like to comment. I have an opportunity to buy a 2nd lien note and was hoping for some advice. I am in this with someone else that is much smarter than I but wan...
I would love to get some perspective on how multifamily owners think about maintaining aging properties, rent growth, and savings on operating expenses. Please comment if you're open to chat! Currently working on a pr...