Nathan Emmert
Wave Accounting
10 February 2024 | 14 replies
I like using Cost of Goods Sold for my expenses so I can get a snap shop pre mortgage payments of where I'm at on the properties.After this is all set up, then you simply do entries into the program under the transactions tab (2nd button with the lines in it).
Erica K.
3 Unit Multi Family - No lease in place - advice?
9 February 2024 | 2 replies
For the first floor they will not provide any copy of an old lease and will only provide last two months of payment history for the building.
John Gonzalez
Looking for a real-estate informed CPA or Tax expert to avoid or offset W2 income?
9 February 2024 | 5 replies
A reminder that any deduction just delays the payment of tax, it does not avoid it or delete it.not tax or legal advice.
Scott Pinney
Food Truck Lot Experiences??
8 February 2024 | 4 replies
If I were to get my park back up and running, I would be adding the ability for the trucks to plug in (cut down on generator noise and exhaust - I would charge for access or build it into the rental fee, and most food truck operators would love this option), add real bathrooms, and add other features as an additional draw to get customers for the trucks.
Steve Gjerdingen
Copper theft and impact on property value
8 February 2024 | 2 replies
@Steve Gjerdingen, people are cutting and stealing live electrical lines?
Vi Prich
Selling rental to pay off primary
9 February 2024 | 22 replies
You could pull out $200K to $300K and Make a few extra payments a year and have that mortgage paid off in 8-9 years.If you pay the mortgage as a Bi-weekly and add $1000 a month you will have it paid off in 9 years and it saves around $225K in interest.
Holly Polf
Newbie STR owner again
8 February 2024 | 17 replies
HOWEVER, I do not think VRBO and Airbnb do not allow two accounts for the same property, so you have that hurdle to cross.My advice would be to cut ties and move on.
Neil Wei
Multifamily househacking analysis help
9 February 2024 | 25 replies
This second property also produced an income equal to a months rental.So it depends on the ARV, the rent/building value ratio, down payments and how much the mortgage are.
Danielle Campos
Just got my first house hack!
7 February 2024 | 29 replies
Unfortunately, it seems that I may need to replace all the carpets upstairs since it has black lines on the edges due to soil filtration (previous owners didn't clean their air filters often).I'm feeling very optimistic right now, but have spent a whole week just trying to decide on a good value LVP so I can replace the 1st floor...
Twannisha Jackson
house hacking; house secured.
9 February 2024 | 2 replies
Understanding one another's difficulties can lead to better solutions.Make sure that any modifications to the rent payment schedule are noted in writing, perhaps as an addition to the lease agreement.