Mica Moore
Strategy to increase rents to market rent
I am looking into buying a 4-plex that has existing tenants in 3 units ( I plan to owner occupy unit 4). All of the occupied units are at $600 per month, but market rent should be $800 to $850.What strategy can be use...
Bob Couture
Quickbooks - Lost in the Sauce
How do you structure your Quickbooks for real estate investing? More specifically, how do you track profit and expenses for each property (by classes? customers? rentals?) What is a good resource for Quickbooks that i...
Michael Win
Real Estate professional status and income offset
Hi Bigger Pockethttps://semiretiredmd.com/primer-real-estate-professional/
I just read this site and it appears to something very beneficial to me.
Background - I am a doctor who makes over 500K(1099) clinically and...
Mindy Jensen
Asbestos Question: How safe is encapsulation?
I represent the buyers in a transaction. Popcorn ceiling from a 1966 build. Ceiling is currently in excellent shape, no peeling, cracking or falling off.If asbestos is present, how safe is it to encapsulate with gypsu...
Courtney Debetaz
Title Insurance Claim Questions
Hello, Has anyone had to make a title insurance claim for an "Incomplete Title"? I recently went to sell my townhouse and a couple days before closing I was informed that I had an incomplete title. I bought a townhous...
George Wines
Landlord-tenant laws rankings by state
This post marks the start of a journey to decide what state then area is the best place to invest in buy and holds. In general there are many criteria to consider when deciding what area to invest in like cash on cash...
Joe Kim
Quickbooks or ALTERNATIVE? Zoho, Billy, Xero, Wave?
Hi! it's tax season. Every year I dread this time. I'm terrible at bookkeeping and still struggling. Every new year resolution is the same....need to do better bookkeeping.here is my dilemma, Everyone says, t...
Account Closed
What do I do? No one wants to cement my house?!
Hello,
First let me reiterate by saying that I am in the process of converting my home into a rental and this is the very first time in doing this.
I am in Lincoln Park, MI, and I have had an inspection done.
Th...
Kishore P.
First Time Flipper SFR with SOLO 401 K Funds
Hello:I have come across an opportunity to finance as a lender with a flip for Single Family Residence (SFR) lake from the property with Solo 401 K.Not sure how? to go about with (a) Due Diligence (B) contract with th...
Chelsy C
What are the risks using personal name for flip instead of business name?
We bought a property using our personal names on title. I wonder are we taking too much risk?
Due to we encountered a lot of issues, I starting to think of how to protect ourselves.