When treating REI (rental properties specifically) as a business, do you take all of the net cash flow as owner draws or do you treat this like a regular business and take say 30% of net profit as owner draws?
I own two new buildings that were built within a year of each other, by the same builder with same amenities, etc..... one building is 8 units, the other 12. As the LL i pay the CAM electrical... so hallway lightin...
Hello all,Allow me to introduce myself! My name is Anthony Pormilli. I am a 28 year old male, born and raised in Franklin Township, New Jersey. I was brought to this wonderful community by stumbling upon the BiggerPo...
Hi Everyone,
I'm facing two issues with my rental property and would appreciate your insights:
1)Property Manager Transparency: My property manager doesn't readily share details or invoices for expenses, instead ask...
I am attempting to BRRR a property and as I have become more and more educated on the process involved with the remodel I have run into a decision that I had not expected to. In this market people seem to either do ba...
I just closed on 24 units in Illinois. I found out at the closing table that the Seller was passing to me a completely unfair laundry lease with Jetz. 10-year auto renewals if I don't provide 365 days' notice to can...
OK here we go just about to start the demolitionpost 5 - salvage of material from old houseThis isn't another post complaining about that awful asbestos remediation work that seems to follow us around from project to ...
@Ben Leybovich had a recent article regarding financial statements based off of Robert Kiyosaki's Cash Flow 101 game. He insisted everyone needs to have their own financial statement and play it in the game. (Its ...
Hello everyone.I'm looking to get started investing in apartment complexes as my area of focus. Looking for advice from people with experience in this area of real estate investing. Thanks in advance!
I live in the Waco, TX area, and am looking to flip homes here locally in the McLennan County area. I currently run two businesses here in town, and time is my perishable commodity. Flipping doesn't sound like a great...