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17 August 2024 | 2 replies
Looking for ideas on how I should think about structuring such an arrangement.Reventure has suggested that Connecticut is the best market in the country for investing in flips.
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17 August 2024 | 10 replies
Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
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13 August 2024 | 0 replies
what are your favorite tools to discover and compare real estate markets?
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15 August 2024 | 13 replies
Any additional tips or corrections would be greatly appreciated.Example:If the PM sends an owner statement showing:Gross Rent Collected: $3,000Property Management Fee: $300Miscellaneous Expenses: $200Net Rent (Amount Deposited): $2,500In QBO, I would:Record an income entry of $2,500 for net rent.Separately, record any additional expenses paid directly, such as:Mortgage: $1,200Insurance: $100Property Taxes: $150Summary:Property Accounting: Handled by the PM company and detailed in the monthly owner statements.Corporate Accounting: Recorded in QBO, focusing on net rent income (after PM deductions) and any additional expenses incurred.Please let me know if this approach is correct and if you have any suggestions or adjustments to ensure compliance and accuracy in my accounting processes.Thanks for your guidance!
15 August 2024 | 33 replies
.$100k is enough to do BRRRR's in the Detroit market.
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15 August 2024 | 0 replies
Investment Info:
Large multi-family (5+ units) buy & hold investment in Clarksville.
Purchase price: $330,000
Cash invested: $1
Sale price: $820,000
This was a zero down deal. I did pledge a...
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15 August 2024 | 8 replies
Keep things tidy, keep track of your work, and ask for tips from guides and other people in the field.
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17 August 2024 | 2 replies
Normally they're very generic and don't really give you the info to be successful in your local market, or maybe any market.
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18 August 2024 | 1 reply
It was an off market property that was sent to me after connecting with a property investor local to the area.
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17 August 2024 | 0 replies
As for cash flow, from sales; probably in year two and three which should match the timing for the housing market to reset past bottom of market and on to the stable appreciation side again.