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Results (10,000+)
Chungying Chu How to get an umbrella policy as non-resident
4 January 2025 | 8 replies
I understand I can increase liability in each individual landlord policy, but one single umbrella policy is much more cost effective when I have multiple properties.
Graham Lemly Financing Strategies for house I want - Hard Money, Rehab or Conventional?
4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?
Umesh Maharaj Just be the bank by Dave Stech
28 December 2024 | 6 replies
I believe they are still doing the occasional JBB workshop but I believe Dave is quite selective in who they let attend.  
Jonathan S. Passive Real Estate Investing
15 January 2025 | 10 replies
Therefore, your financial freedom hinges on new companies continuously moving into the city, creating replacement jobs.Companies have many options when selecting a location to set up operations.
Martti Eckert Long Distance BRRRR in Ohio
17 January 2025 | 22 replies
I am primarily concerned with completing renovations in a timely and satisfactory condition, so I foresee the selection of GC looming large in my project's success.
Tyler Davis QuickBooks Plan for Managing Rental Properties
7 January 2025 | 3 replies
I started with the Simple Start plan, but as I learn more about the software, I realize that to effectively classify income and expenses per unit, I need to use Classes and Locations, which are only available on the higher-tier plans.I’ve seen suggestions to use units as customers as a workaround, but I’m curious if anyone else has tried this approach or has recommendations for managing multiple units in QuickBooks with the Simple Start plan.Looking forward to your feedback!
Zachary Rosa 1031 or not!
11 January 2025 | 7 replies
I have a calculator (semi-ugly but effective excel sheet) I use to look at the numbers on all 1031 exchanges I’m considering.Let me know if you want help with the calculations
Arron Paulino Update on Out-of-State Properties For Sale
5 January 2025 | 1 reply
I don't believe "waiting it out" is an effective strategy.
Nadine Wallace Advice on temporary security cameras during rent-ready repairs on long-term rentals
16 January 2025 | 7 replies
Does anyone have any advice on effectively setting up temporary battery-operated cameras on a long-term rental property to deter break-ins and squatters while rent-ready repairs are being made before a tenant moves in?
Angelo Llamas Taxes on a new rental
30 December 2024 | 6 replies
The one you select really depends on your needs and bookkeepers preference.