Daniel Chang
LLC protection, theoretical vs practical
Lawyers and REI give the advice to use LLC's to protect properties. And to have separate LLC's (or separate series in series LLC) for each property or at least small groups of properties. I myself have followed this...
Albert Kang
Best Practices & Staying Organized
Hello all,Introducing myself,Currently just purchased my first home as a 'house hack'. A 3/3 townhouse in a suburban neighborhood of Orlando. The main unit is a 2/2 which I will be living out of, and there is a lofted...
Jim Baum
Between tenants "best practice" ideas?
Hello,
I've managed to acquire a few properties over the course of a year, and I'm now faced with my first turnover/vacancy. Would you mind commenting on some of the ways to minimize expenditures and other '...
Thomas Daly
Excel Practice NJ Deal Analysis
Hello - I am still about a year away from having enough capital to purchase my first investment property. Until then, I have been reading as much as I can on this site. I still do not feel I am to the point where I ca...
Isaac Gwin
Need practice analyzing rental properties
Howdy! So I got a couple days of free time ahead of me and would like to practice analyzing properties. I have a grasp on what different expenses are, but would like some guidance on how to properly estimate expenses ...
Spencer Scott
Best practices for Creative Funding
Hello Bigger Pockets team, I want to put you to the test.I want to buy a house with little to no money down, what should I do?With that being said, let me give you my situation. I am a 27 year old W2 employee with a b...
Ben Smith
Best Practices: Rent Collection, Accounting
1. Is there a way to automate rent collection?2. What is the best way to handle accounting? (Ex. Quick Books, Excel, etc.)
Daniel O'Donohue
Best practices for raising rent
I found a duplex in a great area of Northern California that is currently for sale and being rented very low (1 unit $2,000/month and 1 unit $1,900/month. I know that area really well and know that I could be getting ...
Chukwudi Motanya
Multi Family Deal Practice #4
Hi BP, hope everyone is well. Posting another analysis to help myself practice. Please see below for my analysis: Purchase Price: $399,000Price Per Unit: $100,000Occupancy: 100%Seller Cap Rate: Not listed, but from ...
Derek Luttrell
Are 4 bedroom SFRs Practical?
Hi All, This weekend I went and toured a listing that has a 4 bed/3 bath main house (1800 sq ft) that comes with a 2 bed/1 bath coach house on the lot. The main house is owner-occupied, and the coach house is tenant-o...