Next week, I am closing on my first property. I will be house hacking, living in one unit and renting out the other two. The structure will need some initial work, between some repairs and some improvements, which wil...
Hello!I recently moved to north of Dallas metropolitan area and I am looking for an accountant and a lawyer with real state investment experience across estates. I currently have properties in the state of Washington ...
I have been using the 4-Square method for analyzing rental properties for a couple of months. My question is at what point in time to you feel that you no longer need to stash 15% per month in savings for repairs for...
Hello everyone,
I am a REALTOR in Virginia Beach and am starting to get into my own personal investing. I am currently putting my team together (lawyer, accountant, contractors, etc.) and am now at the point of cho...
It is pretty amazing to me how much money can be stuffed away in tax-advantaged accounts if you structure things properly and avoid controlled group issues. What is becoming increasingly clear to me is that the contr...
Accounting is very crucial in the success of a business. Keeping your books and records in order can be a huge task, but it’s vital in allowing you to make informed decisions, have accurate financial records and ensur...
Hello! I know that during analysis to get the NOI you take the rental income and subtract the operating expenses. Then to get your monthly cash flow you take the NOI and subtract the mortgage. Aren’t taxes and insuran...
Hi Readers,
Question for anyone who is currently receiving rental income - what are you doing with that money?
I have a multi-family property in NYC where I am cash flowing anywhere from $300-900 a month depen...
Hi everyone,
I'm new here so forgive me if I am asking a question that I can find the answer to easily.
I am an owner occupant in a hot rental area of Philadelphia. I want to move on to another house an...
So I have a fix and flip that I bought roughly 8 months ago. I now have it under contract. I've been talking with my accountant to try to figure out tax implications or deferring taxes through a 1031. Needless to...