Phil Sharp
Buy-and-hold philosophies: Cash flow vs Appreciation
21 February 2024 | 94 replies
Here is rough spreadsheet to check math .
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.
Amer Swid
Need advice on inspection report. Knobb and tube and others
17 February 2024 | 11 replies
I countered offer with that I will take care of everything except knob and tube (they will take care of that after the electrician go and check the place).
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.
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.
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.
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.
Travis Elliott
Help me spend $600,000. Looking to buy multiple units and I need a good strategy
19 February 2024 | 44 replies
I am now married and i quit drinking but it is still a great life.As far as credit goes, I checked it and I am at a 826 so doing good there.I had a higher than normal cc bill this month.