I think the number one issue most people new to the game struggle with is how to obtain money to fund their deals. What avenues to take, what do they actually need to present to Hard Money companies to get their deals...
My (old) property management company moved a family into our rental house 16 days before collecting any rent, 20 days before obtaining a signed lease and they never obtained a full security deposit. Naturally, the ten...
So I am looking for some advice in terms of financing decisions. I have been looking for a property in the Baltimore County area and my hope was to purchase the home in all cash. My hope was to purchase a deal throu...
Hi allHow do I report an interest-only on installment sale? I sold a rental condo this year for $200K. Buyer put down 30% down and I carried back a note of $140K with monthly interest only. My question is Do I have to...
Hello everybody. Brand spanking new to the cash flow game, but very excited to get started. I am in Los Angeles county California and in the process of converting my garage into an accessory dwelling unit. I am bran...
Seeking help/advice on doing accounting on this major remodel. Tax Accounting for Rental 100K Remodel. In 2019 I started a remodel and finished in it 2020. What are the best ways to handle the expenses, rental income,...
I participated in two auctions for two separate properties nearby. The price at the time was great, and though I didn't win, someone got a great deal on both of them. But neither met reserve and then a week later, ...
Hi all, I am a newbie to the industry, trying my hand at analyzing properties as rentals in my childhood zip code. I grew up in 53206, it is a D to C Grade neighborhood from experience I can tell you bad things do hap...
BG Peeps!
👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾Just had to share that we are under contract on our first property (single family, 3 bedrooms, 2 baths, basement and garage). 👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾The details! (almost forgot to share) - note we have ...
WHATS LENDER WOULD BE BEST FOR THIS?Below are answers to the questions that give a synopsis of what we are looking to achieve. Also see the attached working draft term sheet of a revolving credit facility that lays i...