My 5 siblings and I have inherited my late father's primary residence. We are considering keeping it as a rental property and splitting the revenue. However, my brother has proposed another option: that we sell and ...
TLDR; What are the "Rules of Thumb" for STR acquisitions? In long-term rentals, there are plenty of rules of thumb that help you quickly decide if a listed property is worth pursuing. 2% rule, positive cap rate spread...
Hi all! My husband and I are about to execute our very first BRRRR- with our very first property. (Oh my gosh, I've been waiting for this moment!) It's a 5-unit that we bought 6 months ago for $299,000, put $50,000 ...
Hello All,
I stumbled upon WREIN (Women Real Estate Investment Network) and took their master class last week . They have a mentorship program which costs $9700 . Can anyone tell me if it is worth it. Honestly , it s...
So, this is my first year having a small management company where I manage rental properties for a few owners and had a few questions.
I use zillow rent payments to collect rent for all my customer's properties and ...
I'm about to start my first LLC in Illinois. Any tips on establishing business credit conventionally and creatively will be great. Any info on trusting HML's will be greatly appreciated also. Thanks BP Family.
Old Portland duplex with single water line. Have owned many years and always wanted to add a second line but the cost.Would you EVER consider spending $17,800 to save $2493 per year in water cost? We do know that wat...
I have a flip i bought in October 2015 that was suppose to close on the 31st. But we now have an issue that is pushing it a week. I have never had this problem, but is there any tax law that allows for accrued revenu...
Hi everyone. In 2 weeks we will be closing on my first deal. An off market 6 unit apartment and 6 townhome complex. So far I have my PM lined up and am working on getting a new insurance policy. What else should I be ...
I am sure that this topic has come countless times in the past, but I am hoping that someone can recommend a good bookkeeping method/software for keeping track of less than 5 SFRs. In my situation, I am investing in ...