Total newbie here, considering buying a property to rent (two family home) and hold for 5-10 years before selling.
I'd like to have a break even or positive cash flow and was wondering if there was a rule of thumb of...
Dear BP Community,
I have several questions that I need your help on. I will try not to get into complaining about a certain company because I know this not the proper forum for that; be that as it may, here goes:
S...
I know, sounds silly! I want to purchase a rental property (4 units) without actually tending to the day-to-day responsibilities. I don't know much about property maintenance (cutting grass, gutters, appliance issues ...
I’m trying to put together my first buy and hold deal somewhere between a single-family residence and a four Plex most likely. I’m using the 50% rule for every property I come across and none of the numbers seem to be...
I'm looking for 'bookkeeping' help. I have one company (partnership) which owns rentals (comp1). I have a second company (Scorp) which manages the properties (comp2). I receive Section 8 payments in the name of the ma...
I am in desperate need of some advice. I have six properties with 14 units. I have owned them for two years. I own them mainly in the midwest. They are fine when they are rented out. They basically break even. I...
Im about to close on my first multi unit at the end of next month. I will be doing my own Property management at a rate of 7%. What is the best way to do this? Create company in my name ? Just claim the income on pe...
Hi, guys!I've been looking at this property for a while. Little vacation home in front of a nice lake, been for sale for some time. Basically the owner is moving on to bigger properties and this has become a pain in t...
I have a question if you guys don't mind. My buddy just invested in Akron Ohio long distance from NY. I'm considering doing the same. But he said the prop. management he looked into out there takes a percentage of ...
We own and self manage three rental properties. Two of them are in Kentucky and one in Florida. We would only plan to manage our own properties.Would there be any tax advantages to starting our own property management...