Mark G.
What are your favorite tools/software for Fix-N-Flip
21 December 2024 | 12 replies
We use DealCheck to underwrite deals and QuickBooks Online for everything related to accounting and numbers.
Hussain Harun
Switching FROM Quickbooks to other accounting sofwares (Xero, Freshbooks)
15 December 2024 | 25 replies
Plus, they handle online rent collection (a necessity if you don't have a property manager!)
Gordon Cuffe
Old member introduction
17 December 2024 | 7 replies
I started my domain over 10 years ago when people first started going online trying to buy fixer upper houses.
Yents Ybrimovic
203K loan new investor question
17 December 2024 | 16 replies
Even if it's not, nobody said anything about forcing a situation and everything can be refinanced later?
Marc Shin
Necessary to include photos of the exterior of the property?
20 December 2024 | 12 replies
You’re online listing doesn’t need to be a comprehensive photo shoot of every single nook and cranny of your home
Richard Bautista
Too good to be true to have connected with a real estate agent who has a whole team?
8 January 2025 | 29 replies
Dig deep for online reviews, Better Business Bureau and their State Real Estate Board, etc.- Do be open-minded though as we have many of the above from tenants who claim we illegally evicted them (so, somehow we got a signed Write illegally?)
Tyler Jahnke
Morris Invest Case Study 2.0
30 December 2024 | 819 replies
He has no social media, no pictures, no videos, no online presence, nothing.
Ben O'Neill
How to calculate ROI with multiple loans on purchase property?
19 December 2024 | 5 replies
For something more robust, tools like Excel or online calculators from financial planning sites might better suit your needs.Your ROI Formula:ROI = (Net Cash Flow ÷ Total Out-of-Pocket Investment) × 100For your scenario:Net Cash Flow = Annual Rental Income - (Mortgage Payment + 401k Loan Payment + Other Expenses)Total Out-of-Pocket Investment = $40,000 cash + $50,000 loan payments over 5 years.I came across a piece in Bloomberg recently discussing creative financing, and they touched on ROI calculations for multiple loans.Personal anecdote: A buddy of mine leveraged a 401k loan for a fourplex.
Eric Chappell
Has anyone use Rental Hero for bookkeeping?
16 December 2024 | 35 replies
Microsoft Excel, and most budget or free online bookkeeping isn't going to cut it in this situation.For the rental properties you own directly, I often tell clients and prospects that a P&L in Microsoft Excel is just fine and a balance sheet is not necessary for tax purposes.
Felicia Richardson
Reliable Foreclosure Websites
14 December 2024 | 11 replies
In most states they must be published in a local paper which all are online.