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Results (10,000+)
Paige Kehoe Back office systems and tools for self property management
3 August 2024 | 10 replies
Current systems and tools:- Assistant to manage payments, invoices, ensure rents come in and chat with tenants for issues- Melio for vendor payments- Baselane for banking - separate accounts for each rental and deposit- Google sheets for Income and Expense reporting- Azibo for rent collection automation with late fee automations- Drive for my leases, SOPs, and documentations of tenants move in/move outGoals of improved system:  ensure I have a read out of how each property is preforming month over month, check on big expense items, ensure vendors get paid, mortgages get paid and rent is coming in, generate APY on float and savings for any big CapEx that comes up, and make my life easier come tax season.Is there a single software people use or what do you do for your business systems to optimize all of this?
Sam McCormack NAR Lawsuit and Questions
7 August 2024 | 23 replies
Buyers will have a LOT less advocacy, less representation, and I will have some more paperwork saying a person knowingly tried to negotiate with a professional R.E. shark and that they own the results free of any liability on the sharks. 
Mat Fisher Anyone have any good amortization software solutions?
4 August 2024 | 1 reply
@Mat FisherMost programs are very expensive which is why it’s easier to pay a servicer $25-$35/month th manage that process and they will also do all the tax forms and handle escrow
Chris Seveney My Top 5 - 2024 Predictions in Mortgage Note / Lending Space
2 August 2024 | 53 replies
So here are my predictions, feel free to offer up your own:1.
Dave Naphy HELOC for investment properties
4 August 2024 | 4 replies
The COC will be right around 8%, with $500 in cash flow (after accounting for Maintenace, repairs, taxes, insurance, vacancy, etc.).
Jamison Borden Advice for a 19 Year Old Just Starting Out?
2 August 2024 | 7 replies
.- Make about $65,000 a year before taxes (confident I will be making six figures in the next 2-3 years).- I work anywhere from 50-60 hours a week (I work in video production).- I would have roughly 35-40 hours a week available to dedicate to progressing my real estate journey.For me, the big appeal of being an investor in syndication deals is that it is not as time intensive as other real estate ventures, so I can focus more time into progressing my career in video production and growing my income there.
Paul Novak 401K Investment Feedback
1 August 2024 | 4 replies
The cash flow from your investments can then be reinvested to generate even more income streams.Four big reasons why I chose to pull my accounts back in 2012-2014 putting money from these qualified retirement plans (401(k)s, Roth IRAs, and other Qualified Retirement Plans (QRPs)):1) Taxes: You’ll pay taxes on this money eventually, despite what you might hear about tax-free growth.
Michelle Chan BEWARE Techvestor / Scoutpads
8 August 2024 | 22 replies
She plans to take a tax write-off on the money she lost.
Ben Lukes Paying debt with a business to improve personal DTI (episode 943)
2 August 2024 | 6 replies
You also have DSCR that "Does Not" use income - No income, No tax returns and just uses rents to qualify for purchase or cash out refinances.