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7 December 2024 | 6 replies
Quickbooks online could work for what you need.
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12 December 2024 | 37 replies
When I did an online search for commercial multifamily lenders, most have a minimum lending requirement of $1M and I don't need that much.
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30 November 2024 | 12 replies
Quote from @Kar Sun: My tenant's lease is coming to a close and I am relieved she will be moving soon.She has been paying on time but has been extremely unpleasant and rude.While the money does not smell my mental sanity is more important than money in this case.She sent me a registered letter stating that she feels "unsafe because we have not done the fixes the way she wanted it".She requests to have her witness for a walkthrough.In my state a walkthrough is required but I am not about to grant it to her to bring any witnesses as that is not in my contract.If she feels unsafe she does not have t be present.I also do not treat a final walkthrough with a tenant as a final sign off.This walkthrough does not include a detailed inspection of the plumbing and the appliances that will be done after she departs.This is simply for the visible cosmetic issues and should take less than 1 hr.
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10 December 2024 | 6 replies
The only way to answer that in general (whether house hacking in today's market is still a good option) or for a particular property, is to learn how to run the numbers and analyze a specific property to see whether it will be able to stand on its own as an investment when you move out someday.There are a lot of resources here on BP for doing that but I'd just say, make sure the assumptions you're putting into your spreadsheet or deal analyzer are realistic.Make sure the rents (especially for vacant units or pro-forma #s) are realistic by doing your own rent comps; make sure the mortgage rate is realistic by doing some research online and/or talking to some mortgage folks; make sure insurance #s are realistic by getting a couple of quotes for the # of units and zip code / area you're looking in; etc.I hope that helps, and good luck 😊
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11 December 2024 | 12 replies
I just can't find ANYTHING online that isn't from Chris or his team.
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8 December 2024 | 1 reply
Are there any good resources online to be able to get an idea of average monthly/yearly expenses like utilities, etc. for a given zip or city?
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7 December 2024 | 5 replies
The forelcosure auctions in my home State of Florida are all online.
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7 December 2024 | 1 reply
We use DealCheck to underwrite deals and QuickBooks Online for everything else post-closing on the purchase.Quickbooks Setup:- Classes allow for separate P&Ls for each property. - Products & Services enable us to track each 'phase' of the rehab. - Projects give us visibility on my projects- My CPA can easily access the reports for tax preparation.
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7 December 2024 | 11 replies
Asheville has just recently started to feel like it's beginning to come back online, but a long ways to go for a full recovery.
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17 December 2024 | 36 replies
But i guess in today's world where things are on line and investors are used to Internet communications this is much easier than those days.