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10 December 2024 | 22 replies
Some lenders offer this option, while others might prefer to handle each property individually.It will come down to the lender’s criteria, such as combined value, rental income (if applicable), and your financial profile.
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9 December 2024 | 16 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
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4 December 2024 | 30 replies
We use Quickbooks Online for our main accounting software.
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4 December 2024 | 9 replies
Quote from @Elizabeth Rose: @Josh Bowser this tip of doing a quick search on county GIS or software to see if homes in a neighborhood are owned in personal names or LLCs is gold, thank you!
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9 December 2024 | 7 replies
Can you imagine taking a couple days off work, looking for a new place, paying for new applications, putting down deposits, renting a moving truck, finding friends to help you move, paying to clean your old place, and so on to “Save” $300/yr?
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7 December 2024 | 17 replies
@Kyle Carter we manage around 700 doors, with 92 of them being S8.When S8 applicants are properly screened, they can statistically perform a decent amount better than cash-tenants.
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10 December 2024 | 9 replies
I used the standard Massachusetts Lease Rental application and it didn’t have any language regarding such.
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17 December 2024 | 13 replies
He focuses a lot on automation & software to get more deals.
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6 December 2024 | 9 replies
Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.Maintain proper records, such as contracts, settlement statements, and promissory notes.Additionally, you can track income and expenses consistently using software or spreadsheets.As you scale, if bookkeeping isn't fun, consider hiring a bookkeeper for a couple hundred bucks per month.
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3 December 2024 | 12 replies
Quote from @Ryan Ludwick: Hey, I just joined the platform and wanted to introduce myself and say hi.I'm a software engineer, currently based out of Portland, OR.