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25 September 2024 | 7 replies
So knowing scope would help narrow down on risk mitigation tactics.I guess at the end of the day, it all comes down to knowing what is needed, order of operations, and having as close to true quotes from reputable contractors in hand.Beyond that, really knowing all that is needed and having those extremely detailed scope of works for each trade before you get your bids.
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24 September 2024 | 2 replies
We are looking for an attorney with experience that can construct an operating agreement for an LLC for an acquisition of a multi family property in the state of Arizona.
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24 September 2024 | 27 replies
I think, at the core BP still helps a ton of people get into the real estate game.I personally also fell off the podcast when Brandon Turner left.
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25 September 2024 | 18 replies
I am a CPA operating a firm myself.
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23 September 2024 | 3 replies
A spreadsheet has its place in your daily operations and tracking efforts, but I highly recommend starting with a software like QuickBooks Online to track your expenses in a more formalized manner.
23 September 2024 | 10 replies
How about "Beyond The Pro Forma" - Hidden expenses and revenues/opportunities as you operate/asset manage a property....
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24 September 2024 | 14 replies
This ordeal has shed light on the risks associated with relying solely on fintech apps, particularly those that operate without a banking license and depend on third-party banks for processing.
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25 September 2024 | 8 replies
My Realtor has since voiced that there were bad operations on the team and multiple mishaps with other clients — Realtors putting amendments in front of clients the day of closing and their inability to effectively communicate with clients the amenities of the units.
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24 September 2024 | 5 replies
My wife and I own 4 units and operate a 5th as an MTR arbitrage, and we definitely use furnishedfinder.com as well as AirBnB and Vrbo (min 16 day stay and no instabook).
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23 September 2024 | 9 replies
And, that is in a nice neighborhood where you can get $1100/mo for a 1 bedroom.Here it is: $50,000 rental income less CapX and Operating Costs @30% (don't forget you own 16-20 appliances that nowadays last maybe 5 years and can't be repaired) . . . =$35000 for debt service and return on downpayment.