All Forum Posts by: Kyle McGee

@Allan Smith

Thanks for the detailed response. I also have had issues in the past with coding incorrectly … how did you pick the bookkeeping agency you are using and would you recommend them?

What's up BP -

I am looking to hire a bookkeeper to manage my books for my development, construction & personal rental portfolio. I am a numbers guy and have been very reluctant to delegate this out, but it is finally getting to the point where it is just eating too much of my time. I currently am using Quickbooks Pro across all of my different entities. Any suggestions on how to locate the perfect person for this job and tips on how to onboard this person smoothly or anything to avoid? 

Any info is greatly appreciated!

Appreciate it Jay - Would love to discuss @Sean

@Alex Shaughnessy from my experience dealing with foreclosure's I've come to the conclusion that it's a case by case basis. I've seen bank's take what they got it for and move on, and I've also seen banks holding out for market value. I wouldn't be the guy to tell you if there is a rhyme or reason behind the banks and their foreclosure process, but I would recommend to go ahead and put an offer at the price they bought it. 

@Brayan Ocho hey man I'm also a young guy in the real estate business, so I can relate. I would recommend reading as many books about real estate investing and doing as much research about it as you can before you get involved in investing hard earned money into real estate. While I would agree that the best way to learn is to go do it and be hands on, I think you could save a lot of money by doing as much research as you can. I also would suggest talking to the owner of the property management company and tell him your interests and try to find a mentor or someone in your area who is an experienced investor. The more networking you do early in your career, the better. Good luck!

@Lennon Lee @John Jacobus Appreciate the quality feedback! 

@Gino Barbaro A lot of value-add potential. Mainly in rent increase. Currently market rent calls for at least $1.09/ft , and the average rent for the portfolio is currently sitting at $0.79.