Connor Swalm
Contracting Woes
Towards the end of last year I was finishing up my first flip. It was a great house for my first flip. Not too big, not too small, and I made just the right amount of mistakes to learn valuable lessons, but still turn...
Christian T.
How can I get a better response rate??
I mailed out about 300 yellow letters last week to out of state absentee owners.
My response rate has been between 1-3%. I think this is pretty low for the yellow letter.
Any ideas on how i can increase the response...
Daniel M.
Help Setting Up QuickBooks for Real Estate
Hey BP!
I'm diving into QuickBooks Online for the first time and could use some guidance. To give you a bit of background, I know very little about bookkeeping beyond managing my budget for the last three decades (ug...
Adam Jordan
Probate results!
Hey BP friends, I'm writing as an active real estate investor in the Tampa bay market for the past few years. Mostly, I buy properties cash and have been acquiring them through the auctions and MLS. Lately, I've be...
Amirra Elgamiel
Is it common for PMs to charge a tenant placement fee?
I am about to close on a single fam home in north Austin that I plan to rent. I have found a good property manager as I live out of state. In reviewing the agreement I see that the PM will charge the 8% which is reaso...
Account Closed
I own a second mortgage that isn't paying, what to do?
A few years ago I sold a house to a couple that asked me to take back a second, since they could only quailfy for a 80% loan. I did and now they have stopped paying me, but they are still paying the first wich is a l...
Justine Scheuher
$1200 for a CPA a reasonable amount for W2 and small LLC?
I used a CPA for the first time and just got my bill $1200. I am a W2 and have LLC with 2 properties that I've kept good records for. My return was only for $1,200...
Lupe Santiago
Licenses to do Hard Money Lending - California
Hello,
I'm doing some research into starting a hard money lending business in California. The loans would be first trust deeds on non-owner occupied residential property (lending to RE investors) and the business en...
Cody MacRae
Wholesale Busted
Good evening,I put out a few bandit signs in my local area recently and received a few phone calls. So, long story short I received a phone call from someone who wanted to sell a house they were tired of dealing with....
Seth B.
Is my cash flow really $135.75/month?
I bought a duplex a couple of months ago. Here are the numbers:
Purchase price $85,000 (I put 25% down)
Monthly payment including taxes and insurance is $585/month
Total rent for both sides is $1,...