All Forum Posts by: Bret M.

I am looking for an Accountant / CPA who can assist me with best practices as it relates to organizing my real estate business from a tracking/finance perspective. (what to do and what not to do) as I am buying in my name for now. Someone who would be open to sharing their experience with the correct way to organize finances for my portfolio. I am also seeking ongoing Tax planning and will need personal / business tax filing, eventually moving to an LLC.

(Expense/Income) best practices - I am currently using spreadsheets and do a good job of tracking dates/invoices..etc.

If anyone has contacts / or offers these services, Let's connect as I would like to learn more.

I do own a rental and plan on scaling! I live in CA and have rentals in Ohio.

-Bret

2 Votes

(Expense/Income) best practices - I am currently using spread sheets and do a good job of tracking dates/invoices..etc.

If anyone has contacts / or offers these services, Let's connect as I would like to learn more.

I do own a rental and plan on scaling! I live in CA and have rentals in Ohio.

-Bret

3 Votes

Quote from @Rhianna Cultrona:

Quote from @Bob Stevens:

Quote from @Rhianna Cultrona:

Hi all! We are closing on a property in Akron. It is currently section 8 with a tenant in place. We have other properties that are not section 8 so we are familiar with the area. Our current PM isn’t taking new properties so we are thinking we might try to manage ourselves. This is risky since we are out of state so I am looking for pointers on how the transition works on a section 8 and really anything else you think could help my research. I was on the AMHA website and didn’t really find what I was looking for. TIA

We have about 30 props in Akron, I would never in a million years even think about self-managing, why? Its like 100 bux a month, meaningless fee for them to handle it all

Good luck

That was a momentary lapse in judgement lol. I recovered and hired a PM who specializes in S8

What led you to this decision and would you be open to connecting? I am new to Akron

0 Votes

Akron, Ohio

Hi All, I am looking for property management services in Akron. If anyone has recommendations, please let me know!

2 Votes

Akron, Ohio

I am closing on a property in Ohio and looking for a solid broker. Does anyone have any recommendations/referrals?

2 Votes

Quote from @Jay Hinrichs:

Quote from @Bret M.:

That's tough / may need to reach out to an attorney

to get legal advice - not only from folks on BP
An attorney for what ? no way will a home inspector be liable for this.. houses settle especially 100 plus year old ones. next one of this age the thing to do is hire the structural engineer on top of the home inspector if your worried about it.

0 Votes

Wilkes Barre Scranton, Pennsylvania

That's tough / may need to reach out to an attorney

0 Votes

Wilkes Barre Scranton, Pennsylvania

Maybe reach out to a broker and discuss the loan amount you are looking for!

0 Votes

Saint Louis, Missouri

Look into a duplex, in my opinion. You can start cash flowing off the bat and (depending on the financials) can potentially help your DTI.

https://themortgagereports.com/107690/fannie-mae-introduces-...

0 Votes

All Forum Posts by: Bret M.

Bret M. has started 7 posts and replied 15 times.

Post: Does anyone have experience working with b2b property management or Truehome?

Post: Seeking a CPA / Acct for Tax Preparation, Tax Planning (year-round), Bookkeeping

Post: Seeking a CPA / Acct for Tax Preparation, Tax Planning (year-round), Bookkeeping

Post: Managing our first Section 8

Post: Looking for Property Management in Akron Ohio

Post: Insurance Broker Needed for Landlord Insurance- Any Recommendations?

Post: Foundation issues found one year after purchase.

Post: Foundation issues found one year after purchase.

Post: Lending Limit at local bank

Post: What's better? Single family or multifamily for first investment?