All Forum Posts by: Zac Boelkow

Currently am using mysmartmove. I have qualified tenants that do not have access to a pc or have ever had an email address. They have given me permission to run the report for them but mysmartmove is not set up to manually enter in SS #. 

Does anyone know of a background/creditreporting company where I can manually enter the potential tenants SS #? 

Is there a BP promo if you watch a webinar? I thought BP was doing auto renew for pro membership but apparently not any more...

Looking for advice, suggestions, and tips on how to pay for two properties I am currently in contract on. I am using my HELOC and Bank of Mom for both properties from one seller.

Pickering Ln: SFH purchase price $125,000

Watterson St: Duplex purchase price $100,000

Heloc contribution is $100,000 @ 3.5% interest only

Bank of Mom is $125,000 @ 3% 

One question I have is how to draw up "BOM" money. Should I write her up as a 30 yr schedule with a three year balloon mortgage or a 30 yr schedule interest only with a three year balloon?

Also on my HELOC does it make sense to just pay the interest only the first six months until I cash out refi?

I have never done BRRRR and so far have been able to buy property using my own cash and pay 100% every time. This is my first time scaling and I am confused on why and how to navigate this transaction as I never used debt prior. Also these property values should be close to $300,000 so I may be able to get cash over actual purchase price...

I am thinking that I would like to get the HELOC money back ASAP so I can re-use that capital for the next opportunity..

Just a follow up; I have been telling everyone that I am looking to buy property again. Including a friend I made last year when I bought one of his multi's. He called yesterday to offer me two properties, valued around $300,000. We agreed on $225,000 and are in contract to close in three weeks!! One is a duplex and one a single family. Combined they net $1400/$1500 per month :))  Love this stuff!!!

@Remington Lyman awesome and congratulations!! It’s just work and when we do the work we get the desired results!! Keep it up!!

Hell Right!! The best time to invest is yesterday. The second best time is today! Success finds a way in every market*

The soul of a free man looks at life as a series of problems to be solved and solves them. While the soul of a slave whines "What can I do I am but a slave" ~ Richest man in Babylon

Hey guys!! I took the last six months off and am now getting back in. Its funny everyone I talk to (investors, banks, mentors, etc) are saying not to get back in now because of a whole list of reasons... Market is too high, elections, RE bubble/inflated. I am just excited to be purposefully getting back in and I look forward to any opportunity in any market.. Love this stuff!! XOXO 

WOW! Great job with your accomplishment! Very Impressive. What sticks out to me is your perseverance. Way to stick with it and face the difficult times and get through them. I wish you continued success!!

Awesome! Any training you guys would recommend? I just bought the QBO Plus and am using youtube to understand, figure out, and set up my holding company on it. I am using "the quick books dude" He has a quickbook for landlords tutorial. Any other suggestions would be great. Thanks!! 

Anyone using QBO for managing their finances on their rental properties?