Matt Honeyford
Business management question: What's the best way to manage cash
So... I may have just made a mistake that cost me some cash. And, it's not that I lost the cash, it's that I didn't account for it properly. During a flip I had made my guys a couple checks, those checks I had thought...
Colin Kanuch
Best structure for investing with multiple people
Wanted to get people's opinions and perhaps personal anecdotes on how they structured and financed deals with multiple investors. I am looking to purchase my second property and have multiple people who would be very ...
Ben Roberts
Do I need Quickbooks? Isn't there something better? or cheaper?
I'm a wholesaler from Memphis and lately I've been using an app, Expensify, to help track expenses and mileage. It's fair but not very professional and it doesn't integrate with anything else. I drive a lot to look ...
Chirag Shah
Air Bnb Questions - Austin, TX
Hey all,Had a few questions about Air Bnbing in Austin, TX.
I am house hacking, and have an extra bedroom in my unit that I hope to Air Bnb. According to the city's website, I need to apply for a Type 1, Partial Uni...
Taylor Cook
Closing on Rental Property
Hi there! Closing on a rental property on Thursday and the settlement statement shows that rents and security deposits are a debit to the seller and a credit to me. I am the agent for the seller as it is my parents, a...
Matt Meyers
First Investment: House Hacking a $500k property with $0
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Chicago.
Purchase price: $517,000
Cash invested: $18,095
I'm currently in the process of closing on my first investment - ...
Matthew Albritton
Separate Bank Accounts per Property?
Hi Everyone,Quick question. I heard it is a good idea to have separate bank accounts per property. Is this recommended? Are bank accommodating?Thanks!
Carnet Williams
Due diligence checklist for 24 unit property
Greetings. I just put under contract my first 24 unit property. I started with a four unit last November. I have started a checklist of items for due diligence (e.g. inspections, rent roll, etc). What do you all have ...
Mary Ciccarelli
QuickBooks - Accounting
My team and I recently created an LLC and are in the process of securing 2 deals that will be owned 50% by our LLC and 50% my our partners’ LLC. How should we go about recording data in QuickBooks. Do we both record 5...
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Minimum monthly profit
What is the minimum monthly profit you look for in a rental property?
I am looking for $400 a month on a duplex, is that reasonable?
What other ways can you benifit from a rental property?