Brice Alef-Torrisi
Managing finances between multiple properties
Hello everyone,I recently bought a second property in Michigan and I'm really excited to get it rented. However, I was unsure whether I needed to open a new bank to manage the finances associated with the property. I ...
Kent Byron
Buying a performing note - questions about the closing process
I’m in the due diligence period for my first note that I found through an online note exchange. It’s a performing note and the collateral is an SFR in a different state than where I live. I have read the very helpful...
Dustan Marshall
how to keep track of net worth
After reading many books on personal finance, a common recommendation is to keep track of your net worth. I like the idea of this. For me, RE investing is about CASH FLOW to grow and sustain the business and NET WORT...
Brent Paul
I have noticed a trend on foreclosures in my area....
I have checked public notices and over 50 percent of the listings were financed by mortgage electronic registration systems. Weren't they being sued for something?Maybe it's a coincidence but I find it so strange so ...
Account Closed
Warning - Get A Title Report & Record the Mortagage
I just learned of two properties where the borrower went into foreclosure and it was then learned he had 4 loans against each property. The 2nd, 3rd and 4th loans were told not to record and none of them had title rep...
Jorge Abreu
👍 Learning from Mistakes: The Importance of Due Diligence
Wow, this crazy real estate journey has taught me a lot! And let me tell you, doing your research is just as important as wearing sunscreen at the beach.When you buy or sell real estate, you have to do a lot of study ...
Vid Sista
Vacation home / STR - record purchase under personal or LLC?
I have an LLC I use for my LTR's and other REI and recently purchased a vacation home/STR. It will be used as a vacation home but also an STR when I'm not using it for personal use. I handle all my REI transactions un...
Dillard Stone
Multifamily balance sheet questions
I'm reviewing the financials for an LLC that owns a single apartment complex and have a few questions. I ask because I don't know if there are any practices common or unique to the multi-family industry that I'm not ...
Ron Jon
Financial statements for new LLC (partnership)
I am planning on creating an LLC with a couple of partners to buy our first investment property within the next few weeks. All are active partners and have equal stake. My question is about the visibility of the perso...
Jason Malabute
PRACTICING ANALYZING PROPERTY
Hi All,I JUST UPGRADED TO PRO!!!!I am a first time investor. I want to practice and analyze rental properties using the BP calculator. My goal is I want to master (or at least practice) analyzing duplexes so many time...