Christopher Morris
Is Relying on Cash Flow Feasible?
21 January 2025 | 59 replies
And 1/2 of that is accounting that I could farm out too, but I enjoy it.
Mike Conner
Investor wants to trade properties - seeking advice
12 January 2025 | 2 replies
My duplex - built 1989, 2,060 sf, 2 bed/bath, 1 year old roof, value if I subdivide (county already approved) and sell each separately $150k each ($300k total)Investor duplex - built 1995, 2,300 sf, 2 bed/bath, 5 year old roof, value around $310kThe investors initial request was for an equal trade and they would pay realtor fees, which I replied wouldn't be equal due to buying/selling costs (recording fees, title insurance, closing fee, survey, inspections, loan fees, 1031 fees, accountant fees, repairs), taxes would increase due to new sale price, I'd trade a 3.75% mortgage for a higher one, and I'm on the 10th year of a 30 year loan so resetting that to a new loan would restart amortization and pay more towards interest.
Garry Lawrence
19-Year-Old Closing on First Rental Property – Seeking Advice!
11 January 2025 | 12 replies
My mortgage will be $2,005/month, and I’m budgeting up to $600/month for utilities, leaving a potential monthly cash flow of $995.I also set up an LLC and a business account to track rental income and expenses.Questions:Do you have any advice for me as a young real estate investor?
Daniel Baker
Considerations when selling.
15 January 2025 | 6 replies
Hello everyone, Looking to get a little insight into what things I should take into account when selling a property.
Chris Ke
200k down payment available and I can benefit from tax deductions
14 January 2025 | 5 replies
I recommend finding an accountant who specializes in planning.
Marc Shin
Changing my primary mortgage to a HELOC
30 December 2024 | 5 replies
Main goal of All In One heloc or 1st Lien Position Heloc: Lower your daily average balance.Main Drawback: Rates are substantially higher than 60% of current 1st mortgage balances.If you are mostly living paycheck to paycheck and your money leaves your account as soon as it comes in to pay bills, this is not for you.
Arthur Crum
RAD Diversified SCAM ALERT!!!
20 January 2025 | 242 replies
The company is in a huge crisis - he said the entire accounting department walked out while he worked there.
Chris Seveney
Transferring Properties out of LLC Question
27 December 2024 | 3 replies
It may create a problem for you later if your bank discovers the account is owned by an LLC that no longer exists.
Robert Spiegel
Security Deposit Deduction: What is reasonable for cleaning
11 January 2025 | 9 replies
Provide a detailed accounting of deductions, along with the invoices, to show you’re acting in good faith.
Matt Miller
What Systems Are Brokers Using to Run Their Business? (CRM, LOS, Marketing, etc.)
20 January 2025 | 7 replies
Accounting & Finance: What tools make bookkeeping and financial tracking seamless?