All Forum Posts by: Kate Jones

Thanks so much! I will check it out! I recently just started reading a lot so I am super exited.

Hey BP members. Couple of questions.

- What are ways you allow your tenants to pay you for rent?

- What is the most effective way to get paid? 

- Anything you learned not to allow?

-Any stories relating to issues you have had previously? 

To all my investors: Stories! 

-What are some of your biggest issues you have had with your tenants in the past and how have you dealt with it?

- What do you say when your tenants make up excuses? 

-Any free advise on what to do or what not to do or say?

*Note- Any book suggestions related to business, real estate, and finances?

I would like to hear any experiences you have had. Look forward to it! 

 To all my real estate investors, what is your strategy on paying yourself first? Is it a certain percentage for each property? Do you need to reach a certain income amount? 

Hi everyone. I am a 20 almost 21 year old. I am looking to buy my first rental property within a few months. I understand I need to have my business and personal bank accounts separate. I have a few questions.

-When you bought your first rental property, when/how did you first establish your business? 

-Since this will be my first property ( I am house hacking), will I be able to put this under a business even if I buy my next property a year plus later? 

-Suggestions on banks to use? Good or bad? I am part of Capital One and my partner is part of Chase. 

-Can someone give me pointers on a chronological order regarding to when you established your business (how long before your first purchase), when you set up a bank account for the first property, etc? 

Targeting all investors:

Taxes are important. You can write off a lunch conference and save lots. I’m targeting those who really keep track on the tiny expenses to the big ones on a daily basis. Even if you have a book keeper, you need to keep track of those payments to give them regardless. 

-When you make payments for your real estate business, how do you keep track of your payments?

- Do you write them in a notebook strictly for tax purposes?

-Do you tally it up at the end of each month? 

- Do you use an online platform? If so, which one (s)?
 

Looking for as much feedback as possible! I would love to hear tips and experiences you have had with taxes. 

Hey everyone. I am looking to buy my first house-hacking home within a few months. I am located on Long Island, NY where homes are higher in price. I am 21 and I do not have much money. I am learning as much as I can and I am in college finishing up this Spring. 

When I buy my first home, should I do it via FHA loan?

-Does anyone suggest long distance real estate? 

-Perhaps wait until I have more money and more connections?

-Maybe purchase a few rental properties on Long Island then start buying outside of New York once I have more money?

-Should I stay in New York and diversify my basket (condos, apartments, etc.) 

- Any tips or suggestions you can give me?

Hi everyone. I am looking to buy my first real estate investment. I am looking to go the FHA loan route. I am also engaged, a first time home buyer, and I will be house-hacking. Do you suggest to get married before we buy a property? (We aren't having a wedding ceremony, just signing papers). I am currently reading a lot about taxes and I hope all of these 3 situations allow me to save a decent amount of money. However, I am still new to the world of investing. I plan to establish my business once I get approved for a property and look for tenants.

-Any suggestions on what banks or credit cards I should use for my new investment business?

-Any suggestions or feedback on tax strategies?

-Tips or suggestions for how to start my business or when?