My PM uses AppFolio and apparently it can not produce standard accounting reports (P&L, T12 and rent roll). Can anyone confirm this or help me coach the PM? I need these reports for the bank and for general anal...
Hi Biggerpockets! Newbie here. Some back story to where my question of the day comes from. During Christmas i got together with family and was telling one of my family members how Im looking for a building to house h...
Hi all. I have a deal I'm I have listed with the agent that brought it to me. Originally listed as a rather heavy rehab deal. I got the job done just a little over budget and the hold was longer than expected but o...
A recent post questioned whether owners buy flood insurance. There were a few posts and replies.
I've owned properties and paid insurance on well over 1000 homes in the last 40 years. Do you know how many insura...
All, I'm new to real estate investing, but I'm good with numbers (I am an accountant). Here's my newbie question...
I listen to Dave Ramsey regularly (and I see that there are several on here that do as well...
It seems like it's impossible to find places that rent following the guidelines of the 2% rules. If a property that's $200,000 should rent for around $4000/mo to cash flew that seems quite extreme. Or is it just that...
Hello folks! I hope this is the right forum for this question.I am looking for a little advice. I bit off more than I could chew with the fixer-upper I bought 2 years ago. We have been living with the house as-is,...
Hi All. I have a seller who doesn't want to go through the process of short selling two abandoned investment properties because they don't want to get a 1099 from the lender and pay taxes on the forgiven debt.
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I just recently purchased my 4th rental (all townhouses) and was looking to go a different route on my next purchase, Here are my current #'s. Townhomes 1-3 are in the same neighborhood and have a value of around $29...
Hi All,
Sorry if I am asking a stupid question but I am new to real estate investment, and I wasn't sure if purchasing insurance for my rental property is highly recommended? It seems like a waste of money. Thanks i...