Justin Goodin
👋 XIRR vs IRR: What’s the difference?
10 February 2024 | 3 replies
The XIRR and IRR functions in Excel are nearly identical besides one critical difference: ✔️ Timing Assumptions - - The IRR formula assumes there are equal time periods of a year between the cash flows of a project.
Nathan Emmert
Wave Accounting
10 February 2024 | 14 replies
Personally I don't find the one side bar ad all that intrusive for a free app with the functionality this has... the biggest complaint is that you can't make sub accounts (i.e. 1 expense account for a property with sub-accounts for each particular expense type) but you can export directly to MS Excel and re-arrange and graph however you want there if you needed to a higher level view to show someone.Hopefully this helps others interested in the program... not bad for free :)
Max Gabriel
Left my 9-5 as a CPA, looking to transition into Real Estate Acquisitions
9 February 2024 | 6 replies
Previously, I had been working two big corporate jobs, mainly in a back office accounting/tax function; however, after a series of life events, I realized life was too short to spend your days doing work you despise, plus, the money I was making at my 9-5 was not that exciting.
Vladimir Kunau
How to get opm on first time investment.
10 February 2024 | 21 replies
It's possible that some private lenders attend these functions or are aware of possible loan prospects.Participate in online groups and forums for real estate investing.
Caroline Gerardo
Many Times I Said Don't Waste Your Money on LLC Vesting. Now this:
11 February 2024 | 30 replies
It basically functions as a stepped up Basis to your Heirs.If the Appreciation is significantly more than $500k, I would say it makes a lot of sense to look into some sort of Capital Gains Tax mitigation.BUT, is there a risk that one or both Parents may wind up with costly health care at end of life which may confiscate the Asset?
Josh Pulley
Should i invest in Ryan Pineda rookie/ BP boot camp
10 February 2024 | 19 replies
But you will be 8k ahead if you don't buy a bootcamp.Keep in mind the biggest profits come from path of progress so its important to use deductive reasoning and research to understand what areas are declining and what areas are set for growth then buy in the path of said growth and dump anything in areas that are declining and functionally or economically obsolete..Â
Arnav Mehta
Tenant requesting too many repairs on a new property
9 February 2024 | 11 replies
In other words, you will fix things if they are broken but not replace things that are functioning correctly.Â
Brian Fabel
One Property Management Software solution
8 February 2024 | 1 reply
The functionality needed is syncing calendar, managing requests, canned messages and review management.Â
Ryan Tongue
Finding "red flags" on older property listings.
9 February 2024 | 24 replies
You can also check permits at the city building department.Not mentioned so far, is functional obsolescence: rooms with low ceilings, pass-thru bedrooms, too steep stairs, no place for appliances, etc.The challenge will be finding balance between an agent telling you any inspection issues are no big deal and freaking out about little things.
Brian Fabel
Help! Looking for online management solution
8 February 2024 | 3 replies
The functionality needed is syncing calendar, managing requests, canned messages and review management.