Victor Drazen
Tenant unresponsive, rent unpaid, suspect abandonment
Hi all,Just acquired property, already a big problem: one of the tenants is AWOL and I can't get a hold of him. It's 2 days (or 3 days?) before I can serve a pay or quit notice as far as I understand.I've been trying ...
Kelly Sams
Just bought an occupied (previous homeowner)- now what?
Hi! We bought our first occupied flip in Ft Mill, SC. We've been trying to get in touch with the occupants (previous homeowners) to no avail. I'm thinking we may get a response from them if I post a 24 hour notice ...
David Sisson
How to deal with expenses paid out of pocket?
Hi, I'm a new owner of a distressed commercial property. The property is owned by a LLC. I own the LLC outright. I've set up a separate bank account for the LLC, and am tracking all expenses through quickbooks.I've be...
Jacqueline Billera
columbus OH vs KCMO
Hey there,I'm trying to decide between entering either the Kansas City MO market or the Columbus OH market. Both seem to have great future potential (buying for appreciation over cashflow) and my strategy is the BRRR ...
Ron King
Note Buying - calculating Yield and discounted price
How do I do my due diligence on notes so I know how much to buy it for? and what my Yield will be?
I tried plugging in some numbers to a financial calculator from an example of someone elses deal and did not ...
Amit Agrawal
substitute purchase from a wholesaler
Hi All,
I am a substitute purchaser of a property that a wholesaler obtained few months ago during trustee's foreclosure auction sale and assigned the contract to me. The court has recently (3 weeks ago) granted moti...
Emerald McGinnis
Need Advice about potential investor
A mentor of mine offered to take 2 of his single family homes and out them in a "new company". His properties are paid off. My husband and I could also contribute a property to the new company and using those properti...
Drew Eldridge
QuickBooks Question Regarding Rentals
I'm sure it's been discussed before but a search didn't yield any current answers. How do you guys best use QuickBooks with regard to rentals? I'm looking to track each rental property in conjunction with the bank/c...
Account Closed
Lease option - capital gains
Hi all,
Entered lease option on a distressed property. Rehabbed the property and exercised the option. Seller had gotten a tax lien in the timeframe which took many months for a release. I am now looking to sell the ...
Kelly Byrd
Quickbooks desktop transactions for rent, sub-customer or class?
This isn't a question about which software to use, or how to setup Quickbooks. I'm committed to trying Quickbooks Pro Desktop for Windows to handle the books for a 12-unit property I just closed on. I have a specific ...