I asked advice from an acquaintance that has around 20  rental properties.  His advice was simply "Don't do it"!  His reasoning was as follows:1.  Unless you are a handyman, and can fix things yourself, you will never...

Hi Everyone! I am looking for any advice on job cost accounting software. I currently use QB Online but they don't have a job costing feature, only workarounds for now. I have done a little research on companies that ...

Hello,Can anyone give me the best advice on who gives 100% finance for properties? I have a few properties on the hook as we speak & I really want to pull the trigger on them. Any recommendations would be amazing....

Hi BP,I’m looking at a deal in Indianapolis IN. I found one house on the border between Pike and Washington townships (supposed to be a nice area, please educate me if I’m wrong). My major concern with the property ...

Hey there. I have a few questions. I'm not looking for anyone to answer all of these or any of these really. Just need some suggestions on where to look. Whether that be a forum post, a book or whatever else. Before I...

Was reading 7 Years to 7 Figure Wealth on this site and I'm at Year 5 - basically he takes roughly the same equity I have and trades up his 3 properties for a multiplex, that got me thinking about my current situation...

Hey guys, looking to do my first deal and may need to partner with some friends (4 of us) to do it. I was thinking putting the property in an LLC would be the best bet to protect everyone's assets. One thing puzzles m...

How to find ARV on a wholesale deal? :D

Hello all:When a security deposit is received on a new long-term rental lease, I categorize that in my accounting system as "deposit", separate from rent. It isn't income, doesn't show as a gain, etc. When that same t...

Hello,
I recently purchased and read @jscott's book on estimating rehab costs.  It was very informative and helpful, but as the book mentions, labor costs vary widely across the country so there is no way that every ...