Kevin Sullivan
How to jump from first property to the next.
Hello everyone:I purchased my first income property in April of this year. It is an owner occupy double. I put 3.5% down with an fha loan. If I wasn't occupying, I would clear approx. $375/month after mort., taxes,...
Joanne Tsai
who screwed up here?
Hi BPers:I have a situation here, and this is not the first time it happened... We purchased a property in Aug 2020, closed on Aug 31st to be exact. We prepaid the property taxes for the remainder of the year (Sep-Dec...
Nicholas Thompson
Is this a good SFR deal? San Marcos , TX
Seems like cash flow is impossible in Austin but if you go further South, North, or East you can find some good pockets that have decent cash flow.Ran the numbers on this property in San Marcos, and it seems to work w...
Vincent Low
Have some savings doing nothing, how to invest?
Was originally planning on remodeling the house but those plans are now canceled. We have roughly $100k sitting in a savings account doing nothing. We want to put into this our core four lazy portfolio now.With the US...
Michael Belz
What’s your take on SRO properties?
I’m currently reviewing a fully occupied mixed-use commercial building with 8 SRO (Single Room Occupancy) units but have never dealt with this type of property before. The rents are collected weekly instead of monthly...
Daniel Sabato
Selling Home but Keeping the Mortgage
Hello everyone, this is more of a question that came to mind & not really a situation I’m currently in. Is it possible for investors to sell a property that they have not yet paid off, keep the cash from the sale,...
Ben Morris
I hate my accounting system, shoe box with receipts, AHHHHH!
I have three SFH, and one under contract. At the end of every month I collect all of my receipts, and my credit card statement, add up all of my expenses and deduct that from my income. This process is ridiculous, ple...
Tyler Hodgson
How Much Equity / Profit Sharing Would You Require?
If you had outside investors who would supply 100% of the capital needed for the down payments on some rental properties but you had to take out the mortgage in your name and title would be in your name, how much of t...
Ben Skove
S-Corporation Compensation vs. Flow-Through Income
After meeting with my CPA today, and going through a number of back posts from the BP forums, I'm interested in hearing more about how the IRS oversees the balance between S-Corporation compensation versus flow-throug...
Reggie Parker
Best SMS platforms?
Good morning from the east coast, actively looking for a good SMS platform? We’re comparing REI Reply, Rail and Smarter Contact. Any reviews on those products or new products I should look into? Thanks in advance.