Brock Rule
Buy first rental all cash or buy multiple through financing
My wife and I are ready to purchase 1 or more rental properties in our area. We can buy the rental with all cash but are also wondering if its smarter to finance 2+ homes (but we worry about high mortgage rates) and u...
Sean Linnehan
Seeking recommendations for banks to use for multiple bank accounts
Each of my rental properties is held by its own LLC, and each LLC is owned by a holding company that sits at the top (which is owned by me). Each LLC needs its own bank account, but as I scale, I am looking for a bett...
Eric B.
Found a property and want to buy with multiple partners
Hi Everyone,First time poster. A few partners of mine (they’re friends) have been talking about creating a small group to start purchasing real estate. We just met a few days ago to hash out a lot of things. We pla...
Baha El Far
How to invest smartly ( one rental VS multiple rental houses)
All,hope you are doing great. Need your smart advice here please. I can buy a rental property with a loan (130k$ including down payment). The rental property will build equity but not much profit. Rent of that house w...
Chico Ford
Accounting System and Processes for Managing Multiple Parks and LLCs
We have 8 mobile home parks we are managing that are all in separate LLCs. What accounting system are you using to manage the parks? I'm interested in a complete management system that provides a balance sheet, prof...
Tyson Begly
Multiple abandoned vehicles at tax certificate abandoned house in Alabama
I recently acquired a tax certificate of an abandoned house. I would like to start renting it out, but there are 7 abandoned vehicles on the property. The lot is not large enough to move them away from the house and ...
Matt Wells
Can you bank increase Section 8 rents from multiple years?
I understand that Section 8 tenants can have the rent raised a certain % each year. I am wondering if I don't raise the rent for a few years, can I bank the increases into one year? For example, Let's say I am allowed...
Account Closed
Home Sale Tax Exclusion on a property with multiple owners
Hello,If I own 25% of a house that has $1,500,000 capital gains (i.e. bought for $500,000, sold for $1,500,000, my portion of the gains is $375,000), how does the home sale tax exclusion work? Does the $500,000 exclus...
Joseph Chan
How to call BS on the listing agents "Multiple Offers"
I was recently searching for an investment property. I came across a very nice 3 family that was updated. The owner had listed with an agent and had no real offers for over 2 months. They had lowered the price by $4...
Tony Luce
One property in Bay Area or multiple out of state?
If you had approx. $150k to invest, would you put say, $20k down on approx. 7 properties out of state (I live in SF Bay Area where that is impossible to do), or would you put it all in for 20% downpayment on a triplex...