FYI. I am new here and don't have any experience with Buy and Hold investing.
I have a question regarding the 50% rule. I understand that this is a general rule of thumb when determining a properties feasibil...
Hey BP community,
I am currently in escrow on my first deal in San Diego and really wanted to know what bank account or app offers the best service for someone with a small portfolio. I've learned to keep my personal...
I know who I need on my team--attorney, accountant, contractor, etc.What I need to know is how to go about locating these professionals. I don't want to just pick a name from an internet search. And I'd obviously like...
Hello Everyone!I'm looking for an accountant in the Fort Myers/Naples area that has experience with rental properties and vacation rentals, and preferably someone who has some of their own. I figured I should start ge...
Does your entire portfolio go into 1 bank account? How do you know how much money is allocated in each property so as to not use up funds you saved up for rental A, to pay for rental B's expenses? How do you keep it a...
We are closing on our first duplex any day. Should I create a new checking and savings account strictly for rents/expenses? What are the advantages, as opposed to using our personal account which in this first year wi...
Is anyone using the software YNAB (You Need a Budget) to operate their rental business? We currently use Quickbooks, but it lacks the budgeting portion that I am finding more and more critical to mapping out our cashf...
Hey everyone, I have a question about asset management when it comes to multiple properties. Specifically speaking in terms of how to financially manage it. Before I get to my question I want to make clear I am not as...
Investment Info:
Single-family residence buy & hold investment in Mcallen.
Purchase price: $82,000
Cash invested: $25,000
Bought to potentially BRRRR or Flip. Can't wait to see the finished produ...
The goal is to be extremely conservative, analyze all risk factors, and make sure to put emotions to the side when considering a new deal. When looking at a deal, make sure to leave extra slack in your projected opera...