Braden Coleman
New with lots of realtor questions!
3 August 2018 | 1 reply
I don't have the capital to get started now but have been learning all I can so when I'm ready, I'm 110% ready.I'd love to start walking through these properties I'm watching online.
Jacob Ferguson
Where shoud I start?
7 August 2018 | 12 replies
With all of my capital to be taken up by the deal I am working now, I will have about 6-12 months to sit and learn.
Harrison Russin
Leasing an apartment building
5 August 2018 | 13 replies
He would like to sell his buildings, but doesn't want to incur capital gains tax, so he proposed a lease agreement to my brother: my brother and his partners (i.e., the 3 of us brothers) would lease an entire building from him and sublease the units and pocket the cashflow.My older brother put me in charge of doing the business and accounting research, so I started at our local library and quickly found Brandon Turner's books, as well as this website and podcasts.
Joshua McFarlin
Mobile homes park investor start up
11 August 2018 | 22 replies
Keep in mind every park is different, what your financing source is is important, what kind of capital your bringing to the deal, timeline of investment, and what overall exit plan of the park is for you as an investor based on your goals.
Christopher Gee
I'm new on the forum!
6 December 2018 | 5 replies
Software that’s helped me personally:YNAB – zero based budgeting system and software; their philosophy will help you get out of debt and no longer live paycheck to paycheck Personal Capital – a high-level net worth tracking software PodcastsEpisode 108 - Grant Cardone...
Shamar Seaforth
Va loan to rent out in San diego
15 August 2018 | 10 replies
Again, it seems pointless to use a VA loan if you're not going to capitalize on the 0% down.
Son D.
Selling Morris Invest Property
15 September 2018 | 6 replies
IE they work C/D class..I suspect many need to do this to establish their loss's for the pending litigation.. keep in mind these properties are going to revert to the mean IE wholesale prices so there is going to be a ton of equity lost.. but one call I can probably get them all sold no problem.
Randall Cornelison
SFR: Length of Mortgage . . . 15 years or 30?
14 September 2018 | 26 replies
You want to be defensive so you're never in a position where you are losing money and are forced to sell for a loss.
Shawn Coverdell
why am I spending time on quickbooks?
6 August 2018 | 12 replies
Well here are few that I can think of:- You are an Accountant - who views the reports once a year to do taxes (That is it)- You are a Bookkeeper - you want to do the data entry because it does not make you money- You are a DIY QuickBooks user - who will surf the internet and YouTube for answers and not have the full process, procedure, and solution- You are a CFO - review your financials every day or week, depending on your business goalsNow let's get into the nitty-gritty:- You as a business owner should look at your reports by each property and unit- You should compare your Profit and Loss by:----- Month----- Quarter----- Year----- Previous Year Comparison----- By % of your Income ----- and the list goes onNow about your Equity - view your Balance Sheet and see the difference from previous year how much money you paid and received by improvements and loan, the personal money you invested and more...If you are looking at keeping the books for tax purposes and IRS, as well as use paper and pencil.
Cameron Belknap
Under contract for a "4bdrm" but basement is not ,meeting Egress
4 August 2018 | 0 replies
I do not want this deal to go through, and I would still probably be willing to move forward if they matched my increase in price with an equal increase in seller concessions (so they they have no net loss) .