Chris Lombardi
New to real estate, looking to house hack in the Jersey City area
Name is Chris Lombardi and really just stumbled upon my brand new interest with real estate. A couple of my friends started buying homes and apartments just to live in, so I thought I'd do the same and make some mone...
Robbie McKnight
Relationship between landlord and property managers
Hi Guys - I'm new to the rental property game and I have a few questions regarding the relationship between a landlord and property manager.
How does the billing and banking between landlord and property manager norm...
Derek Francisco
FHA House Hacking & Using a Credit Card to Save for Down Payment
Hi All,This is my first post. I have set a goal to buy my first house by the end of the year, preferably by the end of the Summer. I have good credit and a credit card with a relatively high limit. I'm already pre-app...
Eli Kallison
Keeping personal & rental expenses separate (How to fund rehab?)
Hi BP,I am just realizing the importance of keeping business and personal accounts separate. My plan right now is to open a checking account and a credit card just for real estate expenses. I currently own 1 multi-uni...
Bryan Mitchell
Best Real Estate Investment Financial Accountability Tool?
I would like specific examples of the best financial accountability statements/tools (i.e. income statement, P&L Statement) to help me account for all revenue, expenses, per unit per month in order to determine my...
Brandon Heimsoth
How do I report year end expenses?
I'm new to the whole management thing. As for year end expenses, which year do I report them for? For instance, if I pay for maintenance by credit card in 2020 but don't pay the credit card until 2021, do I report t...
Tim B.
First Duplex Analysis - Am I missing anything?!
Good evening. I've been a lurker on this site for about a year or so. I'm finally in a position where I feel that I can successfully purchase my first property. My plans is to buy and hold rental properties. That bein...
John Park
What do you do with Cashflow?
I am new to investing, as I have bought my first 2 houses in the latter half of this year. I guess I didn't think this part of it through in detail before starting my new business, but, as stupid as this question may ...
Aaron T.
What percent are you using for maintenance, vacancy, PM, etc???
I am using the BP rental calc to evaluate properties for potential rental performance. What numbers is everyone using for their expenses?I am using:Vacancy- 6%-8% this gives me one months rent at 8% or just enough to ...
Ray Dixon
Does the 2% rule apply to ALL CASH DEALS??
Should the 2% rule be applied when your purchasing a property with ALL Cash????