I just got my first rental in November and I’m trying to get my bookkeeping together as the year closes and I Only have 2 months worth of income to track. I’ve been playing with QuickBooks to figure it out which I’m m...
I'm meeting with a wholesaler tomorrow to discuss some properties he has, one of which he has listed at 84k with a 179k ARV and 52k in estimated rehab costs. Of course, I will be scrutinizing these numbers and corrobo...
I was told by a lady working at the courthouse today that it is illegal to use the information for self gain. She did not even ask what my purpose was except that I can look up the probates by last name in the databa...
Hi BP community,
My wife and I are moving to Rhode Island for fellowship and decided to start a bit earlier than planned on our REI journey and house hack. Plan to buy and hold long term once we move out. We are cl...
Hi all,I am set to close on my first small apartment building next week (7 Units). The current owner is about 50% under current market rent rates. This confirmed by the appraisal report, local realtors, and my own D...
Hey BP fam , I am a little over 6 months into being a real estate agent and I am pretty discouraged. I know I have not been putting in the amount of work I can. I was wondering how some agents that work other jobs mai...
Just curious if anyone has ever got red flagged or a random audit from the IRS for their rental investments. I haven’t yet, but wondered what that experience was like. I keep good records, but hope I never have to go ...
We had some realtors tell us that appraisals were coming in 100-150k lower than sales price in Raleigh which is an issue for us with financing. Is this actually happening?
We have a tenant who is moving out at the end of the month. Long story short, they have been very high maintenance since they moved in 8 months ago. They have borderline harassed contractors we have sent to the house...
Hello BP community! I found an off market portfolio where I am offering to purchase a handful of properties. We have tentatively agreed on a bundled price, and I'm looking at them tomorrow with the owner. I've gott...