Tyler Davis
QuickBooks Plan for Managing Rental Properties
7 January 2025 | 3 replies
If you only have one LLC and don’t need entity tracking, you could get a lower subscription and categorize your properties as ‘customers’, then units and tenants would be sub-customers.Simple Start would allow you to invoice your tenants (if desired through QBO) and produce basic reports.
Garrett Brown
What is your biggest struggle in the STR world right now?
26 January 2025 | 48 replies
@Jules AtonWe have started marketing to our guests as it is cheaper to keep a customer than to find a new one.
Brendan Jones
First property advice
9 January 2025 | 9 replies
You really need to decide on what is most important and then start looking.
Joshua Tucker
Tax breaks on tribal land
27 January 2025 | 4 replies
Sales Tax Breaks: Construction materials and services may be subject to lower tribal sales taxes—or exempt altogether.4.
Robert Medina
Attempting to brrrr but having issues
15 January 2025 | 8 replies
ThanksCongrats on starting your RE journey!
Felicia Vinces
What makes a good seller financed deal?
28 January 2025 | 3 replies
Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.
Helena Goyvaerts
Belgian Investors Starting in Detroit Real Estate – Looking to Connect
2 January 2025 | 8 replies
Happy to share resources or insights that might help as you get started!
Steven Radolinski
Insights into the Albuquerque Real Estate Market: Opportunities and Considerations
12 January 2025 | 8 replies
OpportunitiesAffordability: Compared to many West Coast markets, Albuquerque properties often come at a more affordable price point, making it possible for investors to get started without a massive initial capital.Rental Demand: Due to the presence of UNM and other educational institutions, there's a consistent demand for rental properties, especially those close to campuses.Cultural Appeal: With its rich Native American and Hispanic heritage, Albuquerque offers cultural festivals, markets, and historical sites.
Tiffany Palaskas
Sell or keep income producing duplex
31 January 2025 | 48 replies
In a climate like this with high rates, probably better to use a Heloc so you keep the lower rate of your 1st lien.
Ian Reeves
Looking to connect with Canadians interested in investing in Kansas City
20 January 2025 | 1 reply
There are significant advantages to investing here (lower barrier to entry, much better price to rent ratio's, etc. etc.).