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Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $475,000
Cash invested: $95,000
Purchased for $475,000 with a down payment of about $90k. Spent about $30k on...
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Hello BP.I would like to know how do you set up your bank account for rental, specifically for efficiency.Here is how mine is set up, and any feed back or tip is welcome:Three accounts1. Trust account for security dep...
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Hi, I currently don't live in the US and I don't have a status either. It means I'm non-us citizen nor permanent resident, so I can't open business account with bank like Citi, BOA etc. I tried to open an account wit...
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Hello All, I am a recent college graduate and went through college without accumulating any debt. My parents were firm about me not taking on any debt while I was at college. However on the flip side that means I do n...
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Any tips for how to save money listing my next rental? I'd prefer not to list with an agent and have to pay 1-month's rent equivalent. But I do understand the value they bring regarding fielding calls, applications,...
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We have one property now and closing on a duplex next week. So far we have done everything old school—hand delivered leases, we pick up the rent, we keep spreadsheets for everything, etc. What do I need to focus on fi...
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I bought a property using private money, and I would like to electronically send the monthly payments directly into the private lenders' bank accounts. I would prefer not to use a third party site (ie Dwolla, etc) wh...
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What do you do when your denied a 203k loan due to the balance of the renovations exceeding what banks can lend on a 203k loan? Find another option! After tedious hunting through the online catacombs of bank loan opti...
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Effective property management is crucial for landlords seeking to maximize their rental income and maintain satisfied tenants. In this comprehensive blog series, we will delve into expert tips and strategies to help l...
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I am in the process of finding a property management company for my first out of state property (I live in California, property is in Houston). My biggest problem has been that my property is in a rougher part of town...