8 January 2025 | 9 replies
Then when we’ve done our first or second property, we could get into flipping homes as well.
8 January 2025 | 10 replies
Aloha @Daniel Kam - most of Kakaako has a 180 day rental minimum, so if you haven't checked with your building association, I recommend you verify what the minimum rental period is for your building.If you are allowed to rent for less than 180 days, you will then need to apply for a GET license, and well as TAT/OTAT and pay the appropriate taxes on a regular basis.
9 January 2025 | 8 replies
Even then, I’m bringing in $81,000 a month.
9 January 2025 | 12 replies
Once you are familiar with what a good investment looks like, then you can create a rule of thumb to help you analyze property faster and only dig deep on the ones that look promising.Here's a guide that describes what good cash flow looks like and how to analyze a property.https://www.biggerpockets.com/blog/rental-property-cash-flow...
8 January 2025 | 10 replies
If you have more than one LLC, each LLC should have its own set of accounts.Checking: Collect all income here, then use it to pay bills, the mortgage, or maintenance.
8 January 2025 | 6 replies
Then progress to permits and then building.You could also just do it and hope the city doesn't notice, which they probably won't.Your challenge will be getting Certificates of Compliance on the units!
8 January 2025 | 3 replies
Someone could claim you discriminated if you rejected them or implied you woudl then do something different for someone else.Hope this helps.
8 January 2025 | 11 replies
If that is the case then it is fine for your peak months but you want to turn it off for off season. 6.
8 January 2025 | 8 replies
Buy your next property with all cash, fix it up with cash, and then do a cash-out refinance afterward.
8 January 2025 | 6 replies
It's my understanding that the previous auditor only had the position for eight months, jacked everyone’s taxes up, and then resigned and passed away.