Hey guys, does anyone know a rule of thumb to use when calcing mortgage payments? Just trying to figure out some assumptions for the model I'm making. FYI I don't know too much about how different credit scores will a...
My wife and I bought our first investment property and on the fence about rent or flip, although we are leaning toward flip. The house is 858 sq ft in a C class neighborhood. What items would we want to upgrade to max...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $45,000
Cash invested: $44,000
Longest project so far. We have to replace everything except the framing and reconfi...
I am in the process of taking over my 5 units from my Property Management Company. I have seen that most apartment communities and other residential rental companies use Rent Cafe. I have heard of RentRedi and softwar...
We are looking at QuickBooks from the stand point of managing our books, payment of suppliers and tracking building expenses and income. Also looking to automate some of these items. Are there any other “money managem...
My 1st property will be ready in 2 weeks - May 1st. Its a 1910's style SFH that will rent for $650 p/m which is right at, to slightly lower than market rate. The windows are the original wood and pretty much every o...
In a book I'm reading, and example was given thus...
"If the current market for a type or property required a 9% return on the capital invested..."
My question is how does one determine the current market "required"...
I am a newer investor with one previous single family investment property. I just closed on a 4-plex yesterday and at the end of the day was notified by the sellers' realtor that one of the tenants had just reported t...
Is it best to put rental properties into a trust vs LLC? If so - which type of trust account is best? Who's name is best to have the trust under? Are there any trust attorneys that would be willing to provide consolat...
This week's Tuesday Tip is for anyone still doing their bookkeeping on a Google Sheet or Excel file. Bookkeeping is an essential function to any real estate investor's business, the reason being is that when done righ...