Mai Nguyen
Investing Cash flow in LLC
11 March 2024 | 1 reply
Seems like it could be something to do that could make the cashflow work more.Reason I ask is as I put proformas to see if buying a rental is better than investing in the market if I had the same cash available to start and additional cash flow each month (or negative)Thanks
Andrew Reyes
How to keep a property in Montclair NJ for long-term appreciation
11 March 2024 | 9 replies
The second floor has 3 bedrooms and 1 bath.My plan would be to convert the garage and living area on the ground floor into additional bedrooms to make 6 rentable rooms ($6k per month total revenue) with shared kitchen.
Amador Abreu
Potentially dangerous eviction - Seeking Advice
12 March 2024 | 22 replies
If you haven't already, a professional eviction service might offer additional strategies for dealing with difficult tenants and can coordinate with law enforcement to ensure safe access for inspection.Hiring private security for a short period post-eviction can help ensure safety.
Seallington Touch
TAX Professional/CPA and LLC
11 March 2024 | 10 replies
Hey @Seallington Touch, Given we are accountants, we cannot promote our services on BP as its against the rules.To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.
Partap A.
Landlord rights (Property management not sharing tenant info)
12 March 2024 | 17 replies
I would ask them to give me partial information atleast that does not include their information until after they sign the lease and they collect the leasing fee after which you should get all the information.
Daniel M.
Seeking Advice on Tenant Placement for New Duplex and Managing Commission Expectation
10 March 2024 | 5 replies
This family is currently searching for a home, and our agent, who also represents them, has generously offered to waive any commission for connecting us.After outlining our standard tenant qualifications—which encompass application requirements, income verification, rental history, credit score, background checks, a non-smoker policy, occupancy guidelines, pet policy, application fees, and move-in costs—our agent indicated that the extensive discussions and adherence to these requirements "equals a full commission of one month's rent."
Jack B.
Do you plan on eventually cashing out and moving away from real estate?
11 March 2024 | 152 replies
As I inch closer to 60 I find that owning my time is more important to me than any additional cash.
Nathan W.
Is this Modular Duplex a Good Idea?
13 March 2024 | 15 replies
And in addition to it working for us personally it also seemed to make sense financially.
Star Reid
My first deal questions !! - Finding 60k to fund deal - Mobile home in park quesitons
11 March 2024 | 11 replies
DSCR loans have high fees.
Noah Bacon
Do you use the 1% rule on your rentals in 2023?
12 March 2024 | 40 replies
In addition, ADUs often add less value than they cost.