Gina C.
Recommendations on NJ Hard Money Lenders?
Hi again! :)So I've been checking out some hard money lenders in NJ and reached out to every HML listed on BP. I'm liking a few (namely Gelt Financial, LendingOne and ABL) but I was wondering if anyone can vouch for o...
NA Smith
Using HELOC to pay off Mortgage By Clayton Morris--Legit?
Just purchased and read a book by Clayton and Natali Morris, "How to Pay off Your Mortgage In 5 Years". They using a HELOC to pay down principal and using your HELOC as your bank account. I want to know if anyone has...
Carlos Zamora Jr
"Real Estate Isn’t a Cash Flow Business"
This is my first time posting here, and I am sort of new to real estate, so if I do make any mistakes, please feel free to correct me.
I am currently reading Timing the Real Estate Market by Craig Hall, and have stu...
John Richards
sold rental in Jan 2017 - taxes?
Hello to all. First, a little background............I live in ID and this past Jan (2017) I sold an income rental property that was located in NV. I originally bought the house in Oct.2008 and paid cash ($98k), in ful...
Brendon Little
How to remain protected with multiple rental properties
I currently have 1 rental property in an LLC and I've always heard that you should only place 1 or maybe 2 properties per LLC. But what do you do or how do you structure it when you get 20 or more properties? That sou...
Robert Adkins
Profit Margin Analysis
Hello everyone,I am curious what percentage profit everyone looks at when they are buying a deal.I currently have 5 properties(1.3M equity) that gross $5700 a month then after expenses I’m left with $2636.Is this a go...
Brian Oberholzer
Financing new deal using equity from other properties
I'm after a motel in need of fixing up. Selling for about 550k, 11 units that can be expanded to 14 units, 5400 sqft total on a prime downtown 1/4 acre C17 lot. With 70k in rehab could be a 800k motel, reserving rooms...
Chris Seveney
Asset Management & Accounting Software
We will soon be outgrowing quickbooks and looking for enterprise level software that handles accounting as well as asset management. We are more involved in the private lending space, so curious if people are familiar...
David Meadows
Quickbooks Earnest Money Deposit - Lost
We walked away from a potential acquisition after our option period and therefore lost our Earnest Money Deposit. How do I record this loss/clear this in Quickbooks. Right now I have $1000 sitting in my Earnest Money...
Patrick Thorp
Availability of commercial financing
Hey there BP peoples! Can I get commercial financing for the purchase of MF properties if I have plenty of assets, great credit, but no income? Any advice would be greatly appreciated.