Account Closed
What should I be asking about this Multi?
I'm looking at a Multifamily here in Jacksonville advertised at an 8.3 Cap. This seems to be about a full percentage point higher than other properties that would be comparable. HUD and VA also have tenants in some ...
Tim C.
Moses! Can a bank actually do this???
I'm a small-time side investor with just a couple rental properties in NE Ohio. Two rentals are enough hassle for me and I don't plan to buy more unless it's a deal that's impossible to pass up. I occasionally scan th...
Patrick K.
For investors with multiple doors. How do you set up bank accts?
Do you have everything flow in and out of a single account and let accountant does his thing? or you set up one new account for each property you own. or is there an even better method? I want to keep a more accurate ...
Nathan H.
I'm a full time RE Investor wanting to buy a new primary - Colorado
Any MLOs out there that would be interested in working with me in Colorado? My income is difficult for an underwriter to understand. It's inconsistent and consists of various types of income (ie. LTCG, STCG, rent inco...
Jason Turo
Wave accounting application
Could you share your experiences with using the Wave Accounting application and how you configured it to use with multiple properties and multiple units in each property. I would like to allocate business expenses ac...
Garrett Blanchard
Balance sheet structure
I need to build a balance sheet for my properties. What I have so far... Assets, cash and the properties. Liabilities, balances owed on properties, credit cards and lines of credit. Am I missing anything there? Also, ...
Hira Y.
Property manager withholding financial information
My previous tenant break the lease and there was break for 20 days between tenants. When I got the statement , rent is missing for those 20 days and property manager is charging the landlord for new leasing fees, adv...
Sam Leon
Small HOA mis-management and owners can't work together
I need some advice on how to handle issues with a small HOA.The building is a 4 unit building, with 4 owners. Three out of the 4 owners are investors and rent their units out, only one unit is occupied by it's owner,...
Vidit Maini
Need guidance - Should I rent to some1 w a discharged bankruptcy?
Folks,What are your thoughts on renting to someone who has a discharged bankruptcy in 2014 ? What other factors/items can I check to reduce risk in such a case ?Thanks a ton,Vidit
Phillip Davis
Duplex with tenants
Looking for my first property and am interested in multi families. When I look at one's with existing tenants can I look at the existing lease agreement before purchasing, am I bound by the lease if I purchase and if ...