
6 July 2024 | 22 replies
What software/website do you use to collect rent biweekly?

9 July 2024 | 197 replies
and might be interested..These women have collectively have thousands of posts and votes on BP, decades of RE knowledge, hundreds of transactions, are awesome people to learn from, and in some cases, you'll get to know great folks!

4 July 2024 | 6 replies
I'm going to a new CPA this Friday who has extensive real estate experience so I'm hoping he will be able to advise me on the best/easiest software to utilize.

7 July 2024 | 30 replies
Purchase price is 600K, I'd finance 400K for 1 year with a possible extension.

5 July 2024 | 10 replies
It's big business collecting "guru" fees to promote wholesaling. 100% of the wholesaler "gurus" make money promoting "easy", no money needed wholesaling.The wholesalers who do 10 deals a month will tell you they have a team, that means salaries, taxes, office space, training and they spend $50,000 to $100,000 a month in advertising.

6 July 2024 | 11 replies
Screening, applications, credit/background checks, rent payment collections, and maintenance records can be handled with a few clicks.Thank you @Wale Lawal for always providing some healthy discussions & insight.Have a great weekend!

5 July 2024 | 4 replies
You will need 20-25% down and a commercial loan for the rest.Most lenders will want to lend to an LLC with you personally guaranteeing the loan.Typically, each MFR would be purchased under its own LLC, for liability purposes.Each LLC would then also need its own bank accounts for collecting rents and paying expenses.

3 July 2024 | 7 replies
However, the latest turn required extensive maintenance and upgrades.

7 July 2024 | 42 replies
And even then that's an extensive timeline.
5 July 2024 | 3 replies
A local property manager can handle tenant screening, maintenance, and rent collection, which is especially useful if you’re not living nearby.Legal and Regulatory Considerations:Local Laws: Be aware of local rental laws, including landlord-tenant laws, rent control regulations, and short-term rental ordinances if you consider Airbnb.HOA Rules: If the property is part of a homeowners association, review the HOA rules and regulations regarding rentals.Financial PlanningRental Income: Ensure that the projected rental income covers mortgage payments, property taxes, insurance, maintenance, and property management fees.Tax Implications: Understand the tax implications of owning a rental property, including potential deductions for mortgage interest, property taxes, repairs, and depreciation.