All Forum Posts by: Tony Roddenberry

Where is the best place to get audio books on real estate investing? 

Whats your favorite audio book?

I would love some feedback on those two questions as well as information for free on-line classes/lessons either for real estate brokers or getting your brokers license. For now it's just to help me understand the can's and can not's of buying and selling real estate.  I have a great agent, Sharon Foster, who is a wealth of knowledge and a great help but I have a LOT to learn. I have considered getting my license but not sure if it is the best use of my time at this point in the game. 

Thanks for your input!

Tony Roddenberry

Thanks Liam.

Didn't take me long to figure out I need a pro for this one. I could build a house from the ground up faster than i could get Quickbooks done the way it needs to be. And I think I would rather build a house! I can fix your truck, your heavy equipment or you home but not your computer. I will get it but it will take some face to face time with a pro.

I'm looking for a Quickbooks Pro expert to help me (Meaning you work I watch. It helps if I don't touch.). set up for real estate investing involving both rentals and fix n flips. I have been told it is fairly complicated to get things set up to do both. If you know anyone that would like to take this on please let me know. I need to get this done fairly quick and will do what I can to accommodate logistically to get it done. 

Thanks.

Thanks Jeff.

Did you use "real estate developer", "rental" or "other" as your industry?

I just bought QuickBooks Pro 2017 and ran into a snag on the first page! I have three rentals at the moment and flipp for my day job. What industry should I pick? Should I set up two companies in quickbooks? Are there any good sites that break it down people who hate sitting in front of a computer (because I do not like it I am no good at it).?

Thanks for  the help. I REALLLLY need it!

Thanks for the input. I will head over to Amazon and look for the book "Tax Free Wealth" as soon as I finish the the book I have now. Is Brandon Hall on BP?

I just bought my 5th property and need some advice on strategy.  I need to be able to pull some cash out of one or all without giving uncle same 1/3 of it.

House number 1 is going through evection. Cash for keys agreement has the tenant out on Sept1st. ARV will be $78-80 K. 39 K mortgage 1 year left on 5 year baloon. Will take 12K to rehab. Rents for $850.

House number 2 is a lease option. Cashed out at the bank. Tenant is doing well. No issues with this one.

House number 3 closed on Wednesday. Rehab will be complete on the 1st of September. Paid 45K Rehab cost 7K ARV 75K will rent for $750 per month.

House number 4 was purchased on the court house steps this week for 30K. Will take 8K to rehab has 2K owed in back taxes. Will rent for $700per month.

Both house numbers 3 & 4 were purchased with a helicopter on my primary residence. Bank will do conventional refinance with 10 year arm @4.5 percent on 20 year am.

I need to generate cash and was planing on selling house number one because of the lower taxes rate but I hate to sell a good cash flow house. I hope to purchase at least one more this year with simular numbers. I have no problem flipping but want to avoid growing the federal government in the process.

I'm still a newbie. Just bought my third bought my third Bigger Pockets book, The BP book on Taxes. Still have a LOT to learn and would appreciate  any advice. I meet with a CPA in two weeks for tax planning  and hope the book on taxes will give me some good questions to ask but would like to hear what some of the BP pros has to say as well.

Thanks for all your help

Tony R

Thanks Rich

I have of the files done already, including the lease. I just want something  in place that covers every aspect of what I do in writing. The Policy and Procedures Book is a great idea. You never know when your last day on earth will be and if this book was done right my wife, or who ever, could pick up the P&P Book and move on. It would also be great for training as I scale the business. 

The whole process is new to me. If I have an example that came from someone here on BP that shares the same principles and uses similar strategies  on Flipping and Buy and Hold Investing it would speed up the process and keep me from making so many mistakes.

All of the forms that came with Brandon Turner's book "Managing Rental Property" made it a snap to compile 90% of the forms I need. I just tweaked them and put them on my letterhead. I would have paid the price of the book just to get the forms!

Thanks again Rich

Happy investing!

Just finished Brandon Turner's The Book On Managing Rental Property. GREAT book with a ton of good info, instructions and forms.  Will definitely make a huge difference in how I structure and operate my business. (NOT hobby)

I really need a policy and procedures manual in place ASAP. Re-inventing the wheel is way over rated so I'm here looking for help and ideas. Does anyone have a manual they would be willing to share? Or any suggestions on putting one together my self.

I would rather build a house from the ground up or spend a few hrs in a dentist chair than start from scratch on this on. Really, It's that bad!

Thanks in advance for your help. BP has become a mentor and educator. 

Thanks Sarnen. And you are right, I miss read the pricing. I have been reading other reviews from other BP members and I have noticed a contestant concern about using only one credit reporting agency. Will there be any way to get a report from the other two major reporting agencies in the future.

I'm looking foreward to giving these products a go. Still not sure which one I will use but I am impressed with the responses that are coming in. 

Thanks again for all the input.