Steve T.
Amount for expensing $ amount
I can't get a straight answer from my tax advisors-At what amount, $ wise, do you have to amortize vrs expense it out as a same year deduction?I have been using a $600 limit for expensing, anything over that gets lon...
Jorge Abreu
✏️Evaluating Deals: The Significance of Evaluation Templates and Loan Types
In my journey as a real estate investor, I quickly learned the importance of evaluating properties and utilizing underwriting templates. It was during our first deal that I realized a term sheet is not set in stone. W...
Peter Comb
Checking a small local bank for stability
I am looking to take out some conventional loans with a small local bank. Any ideas how to do some due diligence on them?thanks
Joshua Michael Hauman
The Evolving Benchmarks of Success
Throughout history, the metrics that define success have evolved to reflect the values and priorities of each era. The human experience parallels this trajectory as it plays out on a smaller scale throughout our lifes...
Yi Chu
Business Checking Account
When you open a business checking account, you have to transfer a certain amount of money to the business account to avoid monthly fee. Let's say $500. This comes from your personal account, not from business operatio...
Jordan Keables
NC Contractor Audit Requirement to Increase Building Limitation
My business partner and I are trying to increase our residential contractors license building limitations from 500K to 1M in North Carolina. One of the requirements is to get an audited financial statement with an unq...
Sean O'Keefe
PMs don't create pain for rental owners to get tax and financial info?
I recently spoke to a property management firm that told me their clients don't experience any pain with financials or taxes Jan - April.
I'm curious,
Is this PM out of touch with reality OR on how rental property...
Rizwan Alam
What do you need for a Bank statement loan?
Hi all,
I want to get a small bank statement loan of just 80,000 but I am wondering what are all the things I need before applying for such a loan?
Thanks in advance,
Rizzy
Patrick Howell
Preparing 1st Financials
Hello,
I met with my local commerical banker today about obtaining a line of credit on an investment property that I have. (discussed in previous thread). As I anticipated, he suggested for me to put together a pers...
Daniel Dietz
Lenders - How do I show interest in LLC on personal financials?
Hello, I have been working on coming up with a more accurate personal balance sheet (as have my two partners in my LLCs) and personal financial statements. One things we are a bit confused on is how to show the assets...