Marcus H.
Set up Quickbooks for real estate investing/rentals
17 February 2024 | 27 replies
I'd love to have QB send me an email everytime I get a a deposit so that way I know to check my statements.
Anil Bansal
Investment in East Palo Alto
15 February 2024 | 37 replies
When people get tired unable to buy at Palo Alto, they may look at East Palo Alto.
Omer Dar
Remote roles in property management
16 February 2024 | 4 replies
Remote can be...Marketing, Lease Signing, Lockouts (install coded smart doors), background checks & screening, Virtual Tours, Payments (online or ACH debits)Live In Person (local team)...Showing units, Posting Notices, Evictions, Dealing with Complaints (some need live interaction), Maintenance Calls, Property Condition Tours, Meeting Utility Companies, Meeting Contractors, verifying Contractors work, Live personal touch with residents (can improve tenant relations depending on property), Cleaning, Turns, Police CallsThrough the years, I've learned that there are places to save money and places to invest.
Ben Pearce
House Hack Accounting Help
16 February 2024 | 6 replies
I will be opening a separate checking/savings account for the other side of the duplex to house rent income and property related expenses.
Justin Goodin
👋Unpopular opinion about sponsor acquisition fees
16 February 2024 | 5 replies
Sponsors should clearly show any/all fees in our investment summary.Learning about and understanding the fee structure is one more checkbox checked toward being an informed investor.
Lacey Arrington
New to REI!
17 February 2024 | 5 replies
It may lend you a little privacy, but folks who want to find you will just look up who created the LLC and then find you.That being said, in MO, they are incredibly easy to set up, and are not that expensive to establish (~$50 last I checked, although that may have gone up) and doesn't require any input from an attorney or tax professional (in my state)Personally, I have an LLC bc I pay myself through an S-Corporation as a realtor...the savings come out in the wash, but it allows me to pay taxes quarterly and avoid end of the year surprises.Another reason you may need an LLC is if you are investing with partners, and/or seeking certain loan types ( I know hard money lenders often require an LLC)Once again, this isn't my wheelhouse, so at the end of the day, I would reach out to a tax professional to learn moreLong answer short: in my opinion, you do not need an LLC if your plan only involves renting out your inherited home
Kyle Falkenstein
LVP or Carpet in Rental?
17 February 2024 | 18 replies
Check out the other listings in your area for rentals at the same or nicer condition than yours and see what they are using.
Shak F.
Is 7.5% too high for investment property if I have great W2 and excellent credit scor
17 February 2024 | 40 replies
I have some good options with no hard credit inquiry, just a soft credit check.
Chris Seveney
What Not To Do When Buying A Note
16 February 2024 | 4 replies
Also, if you are given 3 weeks before bids are due, that would be a good time to check property-tax and other publicly available information, rather than trying to fade you bid after you've tied up the assets for a month.
Josh Mac
Any insight on Detroit?
16 February 2024 | 9 replies
I get back to Detroit every few months for about a week at a time to check on projects and meet with clients.The city has come a LONG way and is undergoing a major revitalization effort.