Rene Hosman
How do you do bookkeeping and financial reporting for your rentals?
4 December 2024 | 30 replies
Its super easy to setup and use, but it still comes packed full of great features and automation to prepare for tax season, but also for rent collection, transaction management, and so much more.
Brandon Brock
Eddie Speed Note School
7 December 2024 | 150 replies
Much of this is loan underwriting and it can identify a quality note.Today, you should turn over any note you buy to a mortgage servicer, for about $300 +/- a year you'll avoid tons of regulatory issues, tax filings, notices required and collections with a performing note.
Kyler Berry
Land development in Mapleton/springville
2 December 2024 | 7 replies
If we were to split like this on our current development, our engineers would collect 25 to 35 times as much as we paid them on a straight up fixed cost contract.
Hal Roberts
Real Estate Analysis Help
30 November 2024 | 2 replies
Collecting data nationwide would be a difficult undertaking.
Raju Penmatcha
Cashflow properties in New Jersey and nearby
28 November 2024 | 3 replies
Collecting 2-4 rents for 1 property tends to offset taxes more favorably.
Michael Anderson
Do we need to update existing leaseto an LLC if we move rental property to an LLC?
1 December 2024 | 9 replies
@Michael Anderson If the property had been sold, it would make sense to formally assign the lease and deposit to the new owner and memorialize an agreement to collect and adjust rents after settlement, indemnify the other party for things arising during their respective ownership periods, etc.
Chris Seveney
Note Investing: Like Watching a Jerry Springer Episode Unfold
7 December 2024 | 18 replies
So far we have collected about $280,000 but the borrower has been unable to pay us off.
Sebastian Tamburro
New Investor looking to break into the foreclosure market
2 December 2024 | 2 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
Robert M.
Newbie Investor needing advice and guidance
26 November 2024 | 10 replies
I do understand real estate is not a " passive" investment and does take hands on work with regards to even managing a the property manager.My initial thought was/is (given my current status) that the optimal strategy would be to look into turnkey properties to get started and once I move back into the states get into/invest in more areas of real estate investing.
Robert Silvernagel
Can anyone comment on the short term rental market in Maui?
28 November 2024 | 13 replies
My monthly fees are as follows (handyman inspection $125, Cleaning $270 a turn (I collect this from guest), TAT&GET (collected from guest) Property Taxes, Insurance (I highly recommend you price this out, with hazard I pay $1,200 a year), internet/cable $100, Electricity $300 a month, AOAO dues $900 (association fees are increasing minimum 5% a year).