Dave H.
Am I just being greedy?
I’m trying to get at least $40k net profit from a single flip in Michigan?I have 200k to invest.Am I being greedy? What amount of return would you expect if you had $200k in cash to use for flips?My realtor said for a...
Dan Bennett
How to track deductible expenses in owner occupied duplex?
Hi folks,I recently purchased a duplex, am occupying one unit and renting out the other. Everyone seems to recommend separate bank accounts for the business (as landlord, collecting rent, paying expenses, repairs, et...
Sarah Rothenberg
First Rental Property - Accounting Software
I just purchased a triplex. My boyfriend and I live in one unit and I am renting the other two units out. I do not have any plans to acquire another rental unit in the near future. I created a bank account and opened ...
Monica Evans
Cash on Cash return when paying expenses with cash flow?
Hi Everyone,My husband and I close on our first investment property in 2 weeks!! Woohoo!I have 2 questions related to cash on cash return. I have zero background in finance or accounting (I majored in biology) so I ne...
Sean Eads
House Hacking - paying expenses the first year; cash flowing next
Looking at a duplex to house hack as my first property. It's looking like the one unit I plan to rent out will cover the mortgage payment but I am still left with an estimated 2-300 hundred in expenses that I will pay...
Dave Garlick
What account pays for common expenses
I just closed on my first deal consisting of two duplexes next to each other but they are on separate parcels. We did do two separate conventional loans which was recommended by the lender. I know there are a lot of o...
Edward Pulido
Tenant Left Without Paying Additional Expenses
I am in a bit of a predicament with a tenant that rented one of my vacation rentals in the Dominican Republic. He was in the house for almost 8 weeks. We set up the transaction on VRBO and he paid me a discounted amou...
Claudia Hayek
How to pay for business expenses
I am analyzing my first property to buy and would like to know how investors account for business expenses (CPA, accounting, legal, etc.) Should I account for these expenses from the reserves from each rental prop...
Alicia Small-Conaty
Newbie in General Investing
Hi,I'm new to learning about investing and wanted to know what are some options when it comes to either finding a hard money lenders or investment backers? Of anyone have experience, particularly in the NY area?Thank ...
Josef G.
LLC for Operating and Tax Purposes
My partner and I are planning to purchase a 4-unit rental property in Philadelphia with both our names on the title, deed, and mortgage. Philly requires all owners to have a rental license and the form requires “busin...