Account for all costs, including closing fees, holding costs, and repairs.

While using QuickBooks it is a mind set and you have to accept the process and procedures to use it as a real estate and property management software.

First thing I noticed was the 4 testimonials online in videos never tell you what the deal was, Not how much offered, not how much repair, not what ARV, just a bunch of scripted, formatted empty gratitude.

I just listed my last property for sale, a fourplex in Pocatello, because now I focus more on commercial RE and syndications to be a true passive investor and not deal with tenants and repairs.

Class D Property:This is where we find many older properties of more than 30 to 40 years old, in need of major repairs.

Self-managed but outsourcing repairs and maintenance 8%, self-managed DIY repairs and maintenance 10%.

This could be very difficult if you are going to self-manage, as you will be turning units every year and dealing with a lot of repairs.

Third, the turnover / repair / eviction costs are not properly in the proforma. 

You can get a HELOC if there is equity in the property most likely, which there should be since you own it in cash, but you will just be decreasing your pay out and then may end up short in repair money, depending on how much it is worth.

Hi everyone,
I’m a new investor learning the ropes of being a midterm landlord. I bought an outdated condo, planning to do a cosmetic rehab later when I had more budget.

I moved out of the condo in mid-2024 for a ...