All Forum Posts by: Emanuel Ohunwu

I received my rent on time.🥳

Almost every business has debt. Even businesses that are worth billions of dollars carry debt. It's just important to have cash reserves or a business line of credit for worst case scenarios.

Thanks for sharing your story! Good luck! Don't give up!

@Justine Scheuher lol I paid my CPA 350 to do taxes for my rental property (a duplex), W2 and both of my stock market brokerage accounts. 1200 seems really expensive!

@Mary Mitchell Hopefully, the loans are no interest lol.

@Shelley Clements I almost bought a rental property in Ardmore,Ok. Properties are very low priced out there.

Dallas just announced they're halting evictions, because of the virus. Luckily, my property is in Ft.Worth. I hope Ft.Worth doesn't follow Dallas.

I used to live Corpus,Christi, TX but moved to DFW to get into real estate investment. I felt that DFW had a more robust job market compared to Corpus. The insurance is also a lot cheaper than Corpus after hurricane Harvey. My question is did you find a lower cost on home owners insurance? The cost I was quoted was 300 a month for single family. I pay 130 a month for insurance on my duplex.

@John Morris Luckily, I live in Texas where we don't have so many regulations. I couldn't imagine having to jump through so many hoops.

@James Wise I made some money doing options trading, which I put some of the towards my 1st rental property. I was just playing with the idea of using the security deposit in dividend paying stocks. I figured I'd ask Biggerpockets before paying my CPA and lawyer for their advice on the matter. I'm always looking for different ways to make money. Legally of course.