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11 December 2024 | 12 replies
I would look for a bunch of Sub To Deals with 2-3% interest rates ...... then rent out for cash flow and huge equity build up when rates are really low (check out amortization schedules and compare 2-3% vs 6-7% with the same balance and length of time - check out the principal portion each month - the lower the rate the higher amount goes to principal PLUS better cash flow).
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6 December 2024 | 9 replies
Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.Maintain proper records, such as contracts, settlement statements, and promissory notes.Additionally, you can track income and expenses consistently using software or spreadsheets.As you scale, if bookkeeping isn't fun, consider hiring a bookkeeper for a couple hundred bucks per month.
7 December 2024 | 2 replies
Comparatively, you can get a lot more for your money in Omaha compared to Boston, but way less potential scale as well.
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9 December 2024 | 2 replies
Interesting in hearing feedback and pricing comparables to an off market potential deal where I have met the owner who is willing to sell his 3 units building (SFH with 2/2 and behind it an ADU with 2 other 1bed units and 2 car garage).
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10 December 2024 | 10 replies
I need a suggestion here to handle maintenance and cleaningTURNO for automated cleaner payment and scheduling along with inventory trackingQuickbooks / Bookkeeper to keep my PM business in alignmentChase bank & trust accountI'd like a better method for managing linens (bulk order) and distribution.I'd love to compare property management / cohosting agreements with someone to share best practices.
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12 December 2024 | 7 replies
Compare comps of recently sold homes in the last 6 months ( In this case, where do you find sale information?
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10 December 2024 | 22 replies
I was working with a DSCR lender on comparing options on a seven property portfolio purchase a couple years ago and the difference between bundling them and doing them all separately was negligible.
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15 December 2024 | 59 replies
Real estate is a difficult business and getting things consistently right is not easy.
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8 December 2024 | 28 replies
We just took on a newly renovated Padsplit in Mesa right now and have full occupancy but I'm curious how Turbo Tenant compares to Padsplit pricing
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10 December 2024 | 11 replies
If you are comparing the two, you may get more appreciation, but more issues in Long Beach versus something steadier in Riverside.