Justin Klein
Accounting - Income Statement Question
Accounting Question for you CPAs.So I recently purchased a rental unit and am just starting out. I have one asset (single family home). I do not use any accounting software at the moment as it is just one unit. It ...
Sean Honeycutt
HELOCs on Rental Units
Good day, So I keep hearing about BRRRR as the way to go, but I'm running into issues with banks not wanting to offer lines of credit or cash out refinances. Market's pretty good in Indianapolis and the suburbs, and ...
Sue Bishop
Unpaid Principal Balance (UPB)???
Hi,Would someone plz confirm if the current unpaid principal balance is calculated as follows or otherwise?Note is $30,000 - $1,158.04 (which is payments of $289.51 per month x 4 payments made) = an UBP of $28,841.96 ...
Dolly La Salle
[Calc Review] Help me analyze this deal
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*This link comes directly from our calculators, based on information input by the member who posted.
Aidan Mulligan
Stessa: How do I record home depreciation
I use stessa to track my transactions both incoming and outgoing. At the end of the year there is the option to download a tax report that includes and income statement, net cash flow, and capital expenditures. I can'...
Amanda Guerin
Feedback on current Realtor challenges in today's market
Hello all, I'm new to this forum and would love your feedback/input - what would you say is your #1 struggle with your real estate business? For example - is it getting more qualified leads, working less hours, making...
Mathew Fuller
Where do you park your rental income?
Hello BP,
I have a few questions:
First
I recently acquired my first tenant in a house a hack. Today I opened up a new checking account with my bank, and I either need to have direct deposit setup with a minimum ...
Edward Suess-Hassman
Vehicles for saving and funding your REI
What vehicles or strategies does everyone recommend to fund their Real Estate Investments? I'm specifically looking to what should I do with the money I am saving? I have a 457 I put money into that I can leverage, bu...
Todd Ashley
How do I buy this house while helping the owner?
It's been a while BP and I could use your guidance! Here is the situation:I know an older women who had a stroke and is currently living in her daughters 5th wheel so that she has assistance. The women desperately wan...
Marc Jackson
Which property should I pay off first? Need help with analysis.
I have 3 rental properties and trying to figure out which one I should pay off first. I want to accelerate the pay off and put any extra amount all towards one. Trying to figure out which makes the most sense. Can...