Amber C.
Accounting question for flips- WIP account
16 April 2024 | 5 replies
I would agree with @Simon W. for the cash draw on the construction loan.
Vincent Plant
Tenant is ALWAYS late. When is enough?
17 April 2024 | 17 replies
In fact even with all the hassle, this has been my most profitable property because the cash flow is the highest and with all the late fees added in I actually had a decent year.
Jake Smalley
(Please Read) - Creative structure required involving Trust and family sale
17 April 2024 | 3 replies
She will get each beneficiary to sign off on allowing this to happen, lessening their inheritance cash-wise but keeping the family in a home.My idea is that the trustee daughter could purchase the home, but could do so instead through a sort of owner-financing where the Trust finances the asset to her directly rather than buying it in full at great cost and taking out a mortgage on an already paid for property:- Property is in Trust and is fully paid off,- Trust finances the property to Trustee for closer to market value, and payment can still be set at 1500- No/less down payment required- Any interest rate, maybe 0- Tenant family makes rent payment of 1500, which pays off the property and pays into Trust- Beneficiaries' % share accrues gradually as payments are made- Set future balloon payment if necessary (if Balance required at a certain time, for college, etc.)This would decrease the out-of-pocket cost for the Trustee purchaser, and increase the amount that each beneficiary will receive (eventually).I have no Trust experience, though, and I'm hoping to hear from the experts.
Robert Burns
Looking to grow portfolio with first multi-family
16 April 2024 | 17 replies
@Robert Burns - is your primary goal to invest for cash flow or appreciation?
Rob Titus
Would appreciate some feedback for a starter that hasn’t started
16 April 2024 | 4 replies
This is my plan and feel free to tell me what I’m doing right or wrong.First note: i DO NOT have a **** ton of cash sitting around.
Jacob Lopez
Tools/programs you recommend for calculating monthly rental estimates?
16 April 2024 | 16 replies
I have been diligently reading, studying, and beginning to practice analyzing cash flows of properties within Chicago and some Chi suburban areas.While I try to use whatever tools I have at my disposal and also be conservative with my numbers while analyzing properties (vacancy percentage, expenses, etc) I believe that in some areas of my analyses, I may not be getting the most accurate information.For everyone out there, where do you get your rental estimates by location?
Michael Sassone
First STR in Rogersville, TN
16 April 2024 | 0 replies
Purchase price: $90,000 Cash invested: $10,000 Cozy and charming 3 bedroom 2 bathroom on a half acre in Rogersville TN. 3 minutes from Cherokee Lake.
Danny Schellinger
Newbie Investor looking for 2nd Property
16 April 2024 | 11 replies
Here are a few things for me right now:-I have about $50K Cash to invest.
Jorge Santos
Real Estate Investor
17 April 2024 | 8 replies
I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.
Vasudev Kirs
LLC on existing property and future pre-approval
16 April 2024 | 1 reply
I am planning on closing an investment property `all cash` under an LLC name.