I've been considering hiring an accountant to handle the accounting for my short-term rental properties. For those of you that have hired an accountant, was it worth it? Also when looking for someone to handle my book...
We have our first project that will be closing in a couple of weeks. We learned the hard way that finding good contractors can be a challenge. No offense to the contractors out there! We are finding that many of the c...
Hello BP,I’m experiencing my first tenant turnover and I’m excited about the process. I purchased both properties with tenants so this is my first time screening and getting the apartment ready for new tenants. The pr...
Hi All,I am beginning to research commercial multi families to invest in in NYC. I am wondering how much information you can garner from the listings (I have been using LoopNet) and at what point do you inquire furthe...
We are moving out of state and decided to rent out our current home near Seattle, Washington instead of selling it. My 90-days goal is to educate myself on some basic residential rental including to compare the pros a...
This topic has probably been done to death.However would like to hear from fellow investors on what has worked for youFor me its been pretty basic, just buy property that is cash flow positive from day 1, distressed p...
My strategy for this year (2023) is to:
1. Buy two 500k multifamily units (or one 1m multifamily unit) - ideally they break even.
2. Cost segregate both properties and generate close to ~150k in passive losses, ~...
I'm coming to a bit of a crossroads here - I'm considering self-managing my rental properties (or my wife rather). She's been pushing to work from home lately and the properties are generating enough in management fee...
Looking to relocate to New York. Probably Brooklyn/Bronx (maybe Queens?)Beginning of the year. Want to do a multi-family hack where we stay in part for a year or two.Super competitive area... any pro tips?
Hi Everyone,
I am fully prepared to take some heat for asking this question, and recognize many of the problems with long distance income property ownership and investing in a "network" but wanted to ask anyw...