Maisa Vahedi
Opening a bank account in Michigan
Hi all, I'm hope you can help me with the my query. I have put down my deposit for a SFH in Rochester, New York. Cost is $59,900 and Net annual income is $10,339. Its making 17% NOI. My question is ; since I'm a forei...
Taylor Wing
Amplify My Business Scam
Is anyone familiar with AmplifyMyBusiness? I opened several accounts with them and paid for annual packages in different markets for off market lead generation. Basically, after the turn of the new year, the business ...
Chris Armstrong
Accounting for Short Term Rentals Charelston SC
Hello BPQuick question for you all who like to manage and track your expenses with accounting software. Does anyone have a sample chart of accounts for a short term rental business for Quickbooks software? I am going ...
Rich Thomas
Long distance investment
hello all, I'm somewhat of a newbie in the field. I have owned and run a 2 family home for 6 years. I am currently in the process of selling the 2 family in the hopes of upgrading to something larger with a 1031 like ...
Tony Hill
Being a Private Lender to Flippers - Real Numbers???
I am considering the path of being a private money lender for fix and flip investors (I don't have the money to lend at this point, just doing the research). I am curious as to the reality of lending out short term ...
Account Closed
ROI and ROE calculations for a flip
A friend of mine asked about calculating ROI/ROE for a flip he completed in April. Details:Source of funds from HELOC interest only.Rate at prime rate + 1/1 a point (4%).Purchase price $128,000Purchase date 01/21/201...
George Post
Parents Gift to Purchase a SFR- Taxable Earned Income?
Good Day!I have a client who is being gifted $170k to purchase an owner occ. SFR as a primary residence. The donor is her father who will also be living there as his primary residence, but will not be going on title. ...
Matt Pulkrabek
Pay the income tax or Save for FI
Here's a question I have been struggling with: Do I continue to save for retirement through tax deferred methods like a 401k, which grows my net worth 33% faster than a non retirement account? I am self employed, so ...
Simone Newsome
Mexico vacation rental
Hey BP!
I been looking at luxury vacation condos in Mexico. So the hotel handles all bookings, management and cleaning and split profit 70% investor-30% hotel. The Roi is between 10-13% depending on the bedrooms and ...
Account Closed
10 Best Net Worth Trackers
Tracking your net worth as a real estate investor can help you make informed financial decisions. It will help you clearly understand your current financial position to see if you are reaching your goals. It can also ...