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Originally Posted by badflaps
(Post 2607336)
Before the tax law changes, group real estate investment schemes were a dime a dozen, I wish I had that money back.
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Anyone have rental property that is in another state, in which the tenants dont have same bank? How do you receive money the cheapest and safest?
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Originally Posted by Milk Man
(Post 2607407)
Anyone have rental property that is in another state, in which the tenants dont have same bank? How do you receive money the cheapest and safest?
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Originally Posted by Milk Man
(Post 2607407)
Anyone have rental property that is in another state, in which the tenants dont have same bank? How do you receive money the cheapest and safest?
-by mail (Due on the 1st, not mailed on the 1st. Encourage them to mail early and post date if they feel it is necessary or set it up automatically if their bank offers online bill pay) -ACH through your bank (ask them how) -online payments by ACH (not CC) https://www.biggerpockets.com/forums...ollection-tool https://www.biggerpockets.com/rei/pa...payment-tools/ https://www.landlordology.com/collecting-rent-on-time/ |
Originally Posted by Gunfighter
(Post 2607431)
Several options.
-by mail (Due on the 1st, not mailed on the 1st. Encourage them to mail early and post date if they feel it is necessary or set it up automatically if their bank offers online bill pay) -ACH through your bank (ask them how) -online payments by ACH (not CC) https://www.biggerpockets.com/forums...ollection-tool https://www.biggerpockets.com/rei/pa...payment-tools/ https://www.landlordology.com/collecting-rent-on-time/ |
I miss this thread...
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Originally Posted by 123494
(Post 3165705)
I miss this thread...
Income producing real estate is still the king of the hill in my book. I'm on hold with Fidelity right now, so I can get the penalty free 100k COVID withdrawal. That money is being put to work in a couple passive multi family investments. As a side note, spending most of my time in one time zone vs regular ocean crossings has me rethinking some domestic options once the international fleets start getting busy. |
Originally Posted by Gunfighter
(Post 3165740)
As a side note, spending most of my time in one time zone vs regular ocean crossings has me rethinking some domestic options once the international fleets start getting busy. Could be a blessing, or not. I enjoy reading about your investing. Lot of food for thought, thanks for sharing what you've learned |
Originally Posted by Gunfighter
(Post 3165740)
Me too, but the topic is alive and well. The WB flying schedule has been a side hustle dream this year, except for a MD penalty lap through ATL. I've taken advantage of the time off and rehabbed a 3/2/2 rental house just for fun with my wife and daughter. There are lots of investors shopping right now, so there isn't as much meat on the bone as there was in years past.
Income producing real estate is still the king of the hill in my book. I'm on hold with Fidelity right now, so I can get the penalty free 100k COVID withdrawal. That money is being put to work in a couple passive multi family investments. As a side note, spending most of my time in one time zone vs regular ocean crossings has me rethinking some domestic options once the international fleets start getting busy. |
Originally Posted by Sputnik
(Post 3165752)
Think it through carefully. Think of turning on your phone after you land, and having it explode. Several times a day.
Could be a blessing, or not. I enjoy reading about your investing. Lot of food for thought, thanks for sharing what you've learned |
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