Juan Alvarez
2 questions in one post
Hello all, I was pre approved for an FHA loan for $225k on May 6. That approval expired August 6. In the months in between I managed to save more money 4k$, pay down my car car loan and pay down my student loans. I wa...
Whitney Breedlove
Investing Down Payment Money
Hey guys,I'm wondering what everyone does with their down payment money they have saved while they're looking for rental properties. I'm totally inexperienced with investing my money outside of real estate and my work...
David Murphy
How long do you save 5% for Vacancies, Capex, & Repairs
I have been using the 4-Square method for analyzing rental properties for a couple of months. My question is at what point in time to you feel that you no longer need to stash 15% per month in savings for repairs for...
Mike M.
How do you manage your bank accounts / set up accounts for rental
Hey guysI'm wondering if there is a way I can increase my efficiency or improve my money management system the way it is. For those of you that have full-time jobs (non-real estate) and do this on the side - how are y...
Maximo Jacobo
Am I Losing Money by leaving it in My savings account ?
Hello, Everyone as a Newbie on Real estate and Personal Financing in General, I have been able to save a decent amount of money that is just sitting in my bank account. I am interested in investing in real estate. How...
Stu Basham
Save the money or rehab with a loan?
Hi all,I've been a member for a few years but don't think I've ever posted a new member introduction. I'm just getting back into RE after buying a house hack with my wife in Jersey City, NJ. We are in the Journal Squa...
Zach Steinberg
Should I open up another bank account?
Hello!I plan to buy a duplex soon to begin my real estate journey. I understand that I should have a separate bank account from my personal checking/savings, but based on my research, this first deal won't necessarily...
Matt Herbert
Small landlord (5 units) needs guidance choosing a new bank
I think it's time for me to choose a new bank. This brings a flurry of questions to my mind: which one? how to structure the accounts? commercial vs personal?
Here is my current situation. I have 5 single family rent...
Jerry L.
Kansas landlords help
I'm getting a property rented in the KC Metro and I'm in the process of looking for tenants.
The question I have is when I collect the first month rent and security deposit, do I need to put that into a separate ban...
Reid Kelley
What does everyone do for a Personal residence?
Hi there, just getting into this and plan to house hack in a multi family first. What is everyone’s strategy for their personal residence and exit strategy from a house hack? Obviously you don’t want to pay a mortgage...