Pierre E.
Using CD's For Security Deposit Safe? (Certificate of Deposit)
Has anyone used a certificate of deposit to hold a tenant lease security deposit? Upsides? Downsides? I saw it on a state government website for holding security deposits and never heard of it.
Karen Johnson
Mortgage Documentation Help (AKA I made all tlhe mistakes).
Hello,Trying to secure a mortgage for my first (deliberate) investment property and I made some mistakes. Now, I'm worried they won't approve the loan. Contract has financing contingency and contingency needs to be m...
Stanci March
URGENT: I need payment collection help!
BP family, I'm looking for some help. I just closed on my first deal; an 8-unit mixed-use and I need to know the quickest way to set up online payment methods for my tenants. I don't have a business account set up wit...
Steven Azrilevich
ARV & Assessed Value
Does the difference between ARV and Assessed Value in any way approximate the amount of repairs that a property will require?
Rohan Siddaraj
Crazy HOA Lien - Any Advice is much appreciated!
Hey guys, I have a house under contract in GA set to close next week. The house has a HOA lien. In March 2019, it was around 7.5k(fines)+2.5k(attorney fees), today it is right under $60k. I'm working on writing a lett...
Jeremy Paschedag
Security Deposit Separation
Over the weekend I heard third hand that, at least in Missouri, security deposits should be in a separate bank account than the main bank account. Supposedly it comes up if you're audited. I was told that you can use ...
Harry Nima Zegarra
Banks accounts for Series LLC (series A, B, etc) in Dallas
Hello guys,New in Real Estate, started last year and opened a series LLC. Initially (as I am still learning about this) bought the property, got the Tax ID and opened the Bank account under the "mother LLC"... now I a...
Jaime Mejia
Looking to open multiple biz bank accts without opening multiple
Hey all, My goal is to open multiple business bank accounts without actually opening multiple accounts. Hoping to open just one that will allow me to divvy up my money into different categories. I'm aware of Ally Bank...
David Park
Cash flow after taxes vs taxable income
Hello all, I'm new here. I'm reading Real Estate By The Numbers and I had a question: I was reading about Taxable income, which is the amount a property will be taxed in a given year by using the formula [Taxable inco...
Yoav Schatzberg
How to review a P&L
Hi all,I'm reviewing a P&L for a 7 unit building, and I've got a couple of (basic) questions:1. What am I looking for in here? Other than actual NOI and Expenses, what should I be considering?2. Are there any ot...