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When looking at expenses related to a property (vacancy, HOA, utilities, PM, repairs etc), how is that set up within a bank account? Do you lump them into one account and then dip into it when a vacancy or other expe...
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We are remodeling an 850' house that will be kept as a buy and hold. The house currently has old/broken electric baseboard heaters. There is no gas or ductwork. As you can see the bedrooms are very small, making place...
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Hello all,I am an investor in some of the deals with Ifunding and like all investors in ifunding deals am contemplating the takeover by Jazco and the merits of the same. Furthemore, I am wondering if there are any alt...
Hi All-
So I purchased my first rental property 2 years old. New construction townhome. My question is about Tax write offs. So my account has told me to not take the yearly depreciation on the property for my taxes...
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I had a piece of garage sheetrock fall on a tenants family members car( not on the lease). I have a PM company and pay for biannual inspections to be done, and no where did it mention that the sheetrock was a possible...
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Do any of you do budgets and financial statements annualy with an annual meeting for your LLC's?
Am setting up an area specific LLC and will transfer a property into it. Looking for feedback on how far you go with sm...
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Hi all - I'm a new investor, looking for buy and hold rentals, been doing some pretty exhaustive financial modeling of deals for the past 8-10 months and am now under contract on a 6bed/3bath, 2700sqft home in Adair P...
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Hi,
I'm about to engage in my first fix & flip project. I found a deal that I couldn't pass up. Will be closing in a couple of weeks and I'm already starting to get estimates. But I'm also very busy with work an...
I plan to buy a rental property in a different state than where I currently live. This would be my first home and I don't own any homes and currently renting out the place I live in.I am thinking of getting a Primary ...
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Hello,I am trying to help my sister rent out a unit in her building in a class B area, but we are having trouble finding the right tenant. We followed suggestions and set up minimum screening requirements, one of whic...