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23 May 2024 | 11 replies
Clair I have two duplexes and house hack one of them and have very few issues.
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22 May 2024 | 90 replies
I do not use online payments because of this issue.
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22 May 2024 | 7 replies
Buying a single-family home (SFH) for $400k-$550k and renting it out for $2.5k-$3k results in a relatively low rent-to-price ratio.
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23 May 2024 | 3 replies
Recently appraised for 240k, I was able to negotiate to 215k with 30k rehab budget (more on cosmetic issues) .
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23 May 2024 | 3 replies
Assuming you are managing the property well and taking care of maintenance issues, there really is no benefit to either you or your resident from the inspection.
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24 May 2024 | 6 replies
Entities that are not "disregarded" need their own QBO to ensure their balance sheets remain 100% accurate.To @Jake Baker's point, we do run into an issue every now and then with some transactions that don't allow us to designate the customer/property but we've found ways to get around this and still have the transaction reflect the appropriate customer/property.This allows us to pull all the financial reports our Clients and their tax pros need to see.I'm in no way saying our way is the end-all-be-all but it works for us and our Clients' tax filers/advisors.There's a FB group called, "Bookkeepers for Real Estate Investors".
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23 May 2024 | 10 replies
Hello,I am relatively new to real estate investing as I purchased my multi-family building in Chicago back in 2021 putting in twenty percent down of the purchase price.
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22 May 2024 | 48 replies
Of course things come up, they deal with them and communicate delays or issues.
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24 May 2024 | 34 replies
It is now being forecasted as one of the fastest growing markets in the U.S. and prices are still relatively low.
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25 May 2024 | 11 replies
My biggest issue with snowballing is my family's budget must be paid by a decent percentage of the income I make