Hello BP community,I have been doing a lot of studying via podcasts, youtube, BP and books for the past 2-3 months.

Multiple changes to the price and adding myself to the loan after my brother did not have enough in his accounts was challenging and ate up allot of unnecessary time.

You'll want your accountants agreement since they would know best the status of the LLC. 

So right now I'm studying for my next promotion board, so all that extra is going towards RE.

Generally the bank is happy as long as they are getting their money.We've done some seller finance deals where the bank didn't even know about it because we set up an escrow account to automatically make payments each month on time.

Most areas like whitehall or other areas of columbus haven't appreciated at all and sell for the same price they did in 1990s. depends on the area. but whitehall might be a bit more, just depends where it is exactly. rent seems correct. property management seems correct. did you account for turnover?

Account Closed RE as an industry is a decade or two behind the curve.

Hi all, I'm looking for for a good accountant in the NYC area who is familiar with and works with real estate investors. 

I have a commercial cash account and get up to 40% off list.

What you need to take into account is your cash on cash return. 3.5% down payment on 300k purchase price Closing costsRehab moneyMonthly mortgage -rental incomeRefinance costsPlus if you refinance in like 3-5 years the market may be down and you wouldn’t be able to refinance and pull out the $50,000 to pay off your second.