
23 September 2021 | 6 replies
County and school tax info can be viewed within most real estate listings however its always smart to call the collecting party and verify accuracy.

2 June 2022 | 35 replies
You get some proceeds on an annual basis + interest income.If you do decide to keep the rentals, I would strongly suggest shifting the responsibilities to a property manager.They will be able to increase the rents(if they are under market) which should pay for their fees.This will allow you to collect rental income while you travel the world.Best of luck!
21 September 2021 | 5 replies
In theory you could get 10 SFHs for $100k each, using your 250 as 25% down, and if those houses collectively met the 1% rule you'd be clearing somewhere around $4k (10 $75k mortgages+tax+insurance ~ $6k/monthly), but that's also a tall order right now.

22 September 2021 | 16 replies
@Matt Teegarden so what you're missing is the fact that, based on the financials, this property had significant vacancy in the past year and also had collections issues.You can't cap an unstabilized NOI.

22 September 2021 | 13 replies
Some companies charge a fee no matter if they collect rent or not (usually a lower flat fee) and some (I think most) charge a % based on what they collected.

22 September 2021 | 4 replies
(Not legal advice; just relaying my own experiences & understandings)When a borrower files a Ch 7 or Ch 13 bankruptcy, there is an automatic stay against all creditors from collecting on the filer's debts.

22 September 2021 | 2 replies
I just purchased my first rental property and I'm not to sure what website or app would be best to collect and keep record of rent payments.

22 September 2021 | 4 replies
Also note that a lot of states limit what you can collect up front so be sure this is allowed in your state.

22 September 2021 | 7 replies
I've just signed up with https://www.sperlongadata.com For up to 30 houses, or so, they charge something like 25 a month and 1 dollar a month per tenant.Their pitch is that you can go back 6 year and 11 months to collect old debt as well a do monthly reporting.

3 November 2021 | 6 replies
Before I jump in to this investment property journey, I’m curious to learn how you set up business expenses, rent collection, update costs, etc organized so it’s easy for tax time and analysis.are there programs or systems you swear by?