Creating a savings plan and budget for the purchase of a duplex, from my understanding the following expenses typically include what I have below,what else am I missing ? Not including initial financing ,and rehab cos...

My property manager uses Appfolio. When I receive my rent payment each month, it’s put into my account as a single deposit. This number consists of the combined rent for all of my properties. It is also net of all exp...

I'm starting to run into tenants not wanting to accommodate showings, repairs, appraisal inspections, whatever. In Chicago, we can enter after giving 48 hours' notice. I always try to keep it amicable and make sure th...

So it is recommended to have each property in its own LLC. However, having to run separate books for each entity is a hassle. Is if possible to have one LLC own multiple LLC.s ? Then just run one set of quick books ...

Need help understanding ROI in a BRRRRSo say ... Purchase price $50k, down payment $10k, rehab $30k, ARV $100k, refinance $70k, therefore $10k is left in the deal. Is ROI based off the $40k (money used) or the $10k (m...

Hi all,
I have 8 properties (16 units), and have grown a lot in the past 18 months.   For 19 years, I've "kept books" with highly organized "paper system" which (while SOOOO 1990')s was at least a logical and organiz...

Hello,I am currently deployed with the military. My wife insisted we move back home to Illinios. Our house in ohio isnt selling. I decided to become a landlord. I have a property manager in place to oversee the proper...

Trying to figure out the “real” cost of installing a new central AC unit and replace existing old furnace.This is in San Jose, CAHome is 1600 sq ft - 2 story Got quotes that range from 8.5k to 15kI guess the need is a...

Hi BP!
I’m in the process of selling a property which I lived in for two years when I bought it in 09/15 and then have rented out since 01/18. I currently reside in CA, and the property is located in TX. I am selling...

Hi BP,I own 2 rentals (one outright, the second is mortgaged) and am looking to buy two more this year. I found 2 great deals but I’m going to use private money from a friend. Do I need a lawyer to write up the terms?...