I'm looking to get advice on how others are setting up their bank accounts. I currently have 3 rental properties. Last year I adopted the Profit First System (Mike Michalowicz) and use the following accounts to manage...
I acquired my first out of state property on Dec 15, 2015. I rented it out starting January 2016. So, there is no rental income or expenses of any kind in 2015 other than purchase cost and some pro-rated tax and insur...
Hello Everyone,I recently purchased my first investment property, which is an owner occupied duplex. I am seeking advice/thoughts regarding this investment. How did I do? What can/should I do for better margins? Wh...
I'm about to make my spare bedroom's AirB&B live. My question is what's the best way to report my income on this and also reduce taxes? Put my home in a LLC? We don't want to miss out on the zero capital gain when...
hi all! I am considering converting my single family home in Richmond VA to a rental, this would be my first step into the real estate world. I’ve tried many of the free available calculators to determine cash flow an...
I'm pretty sure I filled this out correctly. I included points and private money fees, then for refinance I estimated my closing costs based on the loan amount. View report
*This link comes directly from our calculat...
Hello,I am new to this area of investing. I am looking to purchase a lake front property that is listed in my area. I have put the information in the Tools, Airbnb and not sure if it is a good deal or not. It comes up...
I am having trouble understanding the relationship between various metrics used to analyse a rental property. I had the impression that if a rental property cash flowed well it would have a good cash on cash return. ...
I have a property I’m thinking could be a good flip opportunity in a growing neighborhood. $360 purchase price, potential rent of $4000 total, estimated monthly expenses $1800. Property listed below:https://www.zillow...