Arnold Caceres
Borrow against 401k for real estate?
Hello all,As many others in corporate America, I have some savings tied up in a 401k. I still have many years before I can retire and withdraw penalty free, but I was investigating and saw I’m able to take out a loan ...
Keith Kaufman
Choosing the Right Business Entity for Buy & Hold
I have found several posts that address the pros and cons of an LLC versus a Land Trust regarding the type of protection they provide. That is not my concern because I believe that if a tenant is injured on my proper...
Johann Jells
Anyone DIY their LLC tax forms? What software do you use?
After many years of doing my own taxes with forms A, C & E using Turbotax we started using an accountant when we formed an LLC like 5 years ago for our properties. Now he's MIA, and we weren't all that thrilled wi...
Adanna Davis
Typical Prop. Mangement Fee for 100+ Unit Apt. Complex
Multifamily Real Estate Investors, What is the typical percentage that Property Management Companies receives for managing a large multifamily complex (100 units or more). I interviewed a management company and they ...
Joshua Woolls
New to Multifamily - Does these numbers (expenses specifically) look realistic?
Apartment building Analysis60 UnitPrice $725,000.00Upfront Repair Costs $500,000.00Total initial Investmen $1,225,000.00Down Payment10% $122,500.00Interest Rate 6%Loan Length (Years) 15Payments per year 12Monthly Paym...
James Mays
What is a "Book Keeper"?
I currently have a 1 LTR condo in Orange County, CA with the goal to expand 3-4 in 2024. As I start to expand I do not want to get caught in a paperwork pile. In terms of a Book Keeper what do they actually do to prov...
Russell Gronsky
Quickbooks, STESSA or Something else?
Hi BP,I'm trying to move away from spreadsheets for managing my RE. I have rentals I hold and I also have a small, active flipping business. I checked out STESSA and the platform looks nice and I like that it's free b...
John Stoeber
How Are You Managing Mid-Size Apartment Buildings (40-80 units)?
Hi BP – I’ve been reading up and talking with as many investors as I can in the multi-family space, and the 50-80 unit apartment complex intrigues me. Based off of what I’ve learned you’re often dealing with Mom &...
Grant Wieczorek
Property management vs onsite personell
I think I am getting the hang of this, but it is still wishy washy in my mind. The on site people at a complex are going to do the day to day work, and the "property management" line on the expense line are the ones ...
Seo Hui Han
Property Management in Large Multifamily (40-100 units)
I've been going through "The Multifamily Millionaire: Volume 2" and in Chapter 13, they talk about property management ranging from 4-6%, on top of on site management that is on the owner's payroll, separate from pro...