All Forum Posts by: Mike Fitzpatrick

@Laticia Braxton thank you just sent you an email!

Does anyone want to put me in as a referral for Buildium and get a $50 statement credit? 

https://www.buildium.com/referral-program/

I am looking to sign up today or tomorrow and was wondering if anyone wanted to share their personal experiences using the software? I am particualarly interested in the accounting features to simplify tax time. I like Appfolio the best but I only have 11 units and cannot justify the cost of Appfolio vs Buildium. 

Craig Moore shoot me an email if you want to chat about real estate investing I started when I was 23 with about the same amount of capital there are some great things you can take advantage of in MA for new home buyers

Framingham is a great area I have 12 units there all cash flowing nicely ... Not much available now though... I might have an off market 5 Family but it needs lots of work cause the previous owner added illegal bedrooms In theBasement. I'd recommend MA Save over FHA all day long easier to close and no PMI with only 5% down. Send me an email if you want to catch up happy to chat about what I have learned since I started investing [email protected] FYI 12k is tight even for framingham especially if you are trying to do renovations as well i bought my first 3 family 3 years ago with 15k and did some work to it but I bet it would be harder to do that today not impossible though! Hope to connect soon

Thanks Kyle, from what I understand, I think I can just write the check out to both of them. They paid rent and all deposits jointly so I have no way of knowing how they split up expenses, nor do I care. 

Hi all,  So I rented to a boyfriend/girlfriend and they are both on the lease. They broke up and we have identified a new tenant to take over the lease. 

The ex-couple is fighting and they both think that they are entitled to 100% of the LRM and security deposit. Who does the landlord write the check out to and send it to? Do you put both tenants on the check? 

Thanks,

Mike 

Make sure you can rent the condo some associations won't let you rent it or have LONG waiting lists.. That was my issue when I looked at potential condos as a rental investment

Make sure you can rent the condo some associations won't let you rent it or have LONG waiting lists.. That was my issue when I looked at potential condos as a rental investment

Hey Dan shoot me an email at [email protected] I've got an accountant I can recommend to you and need some book keeping advice! Glad to hear things are going well

Hey guys, I feel like I've asked this question a million times and the answer is no. But I want to minimize my tax burden on a house I am in the process of flipping. I am only planning to hold the house for 3 months and I am going to reinvest the profits into a multi family or another flip. Ideally id do a 1031 exchange but does anyone know on the requirements for holding and renting it etc? Any other tax saving strategies that have worked for you? I am in the Massachusetts area. Thanks, Mike