Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Isaac A.

Isaac A. has started 5 posts and replied 113 times.

The property is in Michigan. If am to increase liability and vandalism the added cost is $130 + the basic insurance $908. The company does not offer water back up. I did contact numerous companies today and some that offer backup does not offer other features with the policy or reduced coverage. It seems I may have to get additional water back up coverage, not sure what to do ...

@Jason Bott Sewer backup does not cover this policy. Are there insurance companies that offer this solely? Also is there any add-on that you may recommend?

Post: Mortgage Called Due Upon LLC Transfer

Isaac A.Posted
  • Grosse ile, MI
  • Posts 117
  • Votes 46

Jeff, I read the post on http://clintcoons.wordpress.com/2011/01/26/transferring-real-estate-into-your-llc/

Is interesting one cannot use a living trust to do the same thing as a land trust. This means those of us that have a living trust will have to recreate a separate trust(land) document? - Additional cost, etc. There should be a way of using a living trust? Any step by step approach into creating a DIY land trust?

Post: Land Trusts in Michigan?

Isaac A.Posted
  • Grosse ile, MI
  • Posts 117
  • Votes 46

Randy H. How does one create a land trust- step by step?

Post: Comps without the MLS?

Isaac A.Posted
  • Grosse ile, MI
  • Posts 117
  • Votes 46
Originally posted by @Richard Martin:

Ed- I know many here use Zillow or other sources for Comps. I have suggested it before but why not hire a Realtor to run the Comps. When I say hire I mean hire pay them a fair hourly wage or a per CMA. Realtors have a new tool that allows them to do it even quicker than the past. So even if you are buying properties away from their home area they can now help you out wherever the property is anywhere in the country. Treat the Realtor like you would any other contractor that you want on your team.

 In hot market areas, you cannot wait for comps from a realtor. The need to automate every step of the deal is essential! - Get a comp software. 

Post: Investing in Detroit? Best Zip Codes?

Isaac A.Posted
  • Grosse ile, MI
  • Posts 117
  • Votes 46

I will like to invest in Detroit and surroundings. Help me with the best zip codes to buy for passive and active income. 

Post: QuickBooks

Isaac A.Posted
  • Grosse ile, MI
  • Posts 117
  • Votes 46

Thank you. I am Electrical Engineer by profession and partime real estate investor. Which version of quick books is best for buy and hold(rental) and for those in property flip? Also does anyone have a step-by step QB setup for rental and flips and chart of accounts?

1. Self Employed - $5.00/month

2. Simple Start- $10.00/month

3. Essentials - $21.00/month

4. Plus - $28.00/month

Please advise?

Post: Bookkeeping for rental property

Isaac A.Posted
  • Grosse ile, MI
  • Posts 117
  • Votes 46

what about zipbooks - https://zipbooks.com/

Post: Interactive Real Estate Investor Websites

Isaac A.Posted
  • Grosse ile, MI
  • Posts 117
  • Votes 46

will you recommend websites for fix and flip deals? What will be the goal?