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3 May 2022 | 8 replies
I was in the same boat as you at one point. what I Did when I was 16 was save up as much money as I could first, try not to touch it,<--- (The most important thing in the early process) you can get a Secured Credit Card Right now at 16 (Check Capital one's website) That's where you got the best chances most likely, Don't put any big bills in your name like any That could screw you over just get ones you know you can afford to pay until you open your actual Credit Card (Utilities, Internet, etc) Because If a payment is missed or it doesn't get paid you will regret it trust me lol, just stick to the casual Phone bill, Netflix bill, things like that.P.s.
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26 May 2022 | 6 replies
Ask a financial advisor and your tax preparer and not random people on the internet.
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5 July 2022 | 6 replies
Some areas even include water, utilities, cable, internet within the association fees.
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10 May 2022 | 19 replies
. :)Cash flow is the money after piti only My definition of cash flow is the cash after allocating for all expenses (PM, Maintenance/cap ex, PITI, vacancy/turnover, office (portion of phone, printer, office space, IT, internet, etc), misc (portion of LLC, umbrella coverage, mileage, unexpected utilities due to issue at property (example slab leak), etc.).
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8 May 2021 | 1 reply
I have about 50 rental doors over 10 properties and find myself wanting to put them in a format better than excel to track my PNL per property and as a company.I need something very easy to use (I am a kid of the 80s so I know the internet and use it but was not built on it)I dont need it to collect the rents (many of my tenants pay cash)...just need it to be a place where I can put in what I collect and what I spend on each property to make my monthly income/loss more understandable and also make year end tax prep way easierAny advice or opinions would be helpfulThanks in advance for your time
9 May 2021 | 4 replies
I really want to make my first deal but I have been looking at the internet until my eyes blur and I feel like I need assistance connecting the dots.
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13 May 2021 | 8 replies
I really appreciate the community here on BP and the fact that individuals are willing to go out of their way to help an internet stranger.
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10 May 2021 | 8 replies
I doubt there is a greater concentration of knowledge on the entire internet than what you can find on BP!
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12 May 2021 | 13 replies
Law does not matter internet and gurus say its OK and its what these folks want to hear.Just like flipping houses in Oregon.. if you do any work on a house that your selling to the public you MUST have a developers license which means bond insurance and pay for the license.. no test required though..
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18 May 2021 | 24 replies
Before the internet, we focused in our local area, looked at the numbers and took action.