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Guys, here’s an interesting debate on one scenario below and I am curious to know what’s your take?The settlement was completed on Friday, January 18th but the property didn’t get recorded till on Tuesday, January 22n...
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Currently reading Brandon Turner’s book on Rental Property Management. Wanting to manage my first rental myself, budgeting in management so that I can outsource it in the future. In regards to book keeping, what are s...
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As I build up my SFR portfolio I am starting to ask myself: “Is the idea of SFR cashflow simply a spreadsheet myth?”The common “goal” for SFR investing is $200+/month in cashflow, i.e. cash leftover after PITI and all...
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I have a handful of properties which are all managed by the same property manager. They use Rent Manager, and I'm able to log in and view all the standard reports as well as a complete general ledger detail. However, ...
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For my current rental property, I file a Schedule E each year. And I have to track all expenses and income to do so.
Once I set up and fund an SDIRA via transfer from a regular IRA, what are the reporting req...
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We are soon moving to the Minneapolis market, where I know the cap rates are tight and the market is a sellers market. We are looking to create at least $2,000/month in cash flow using 200k cash. Hard money lending se...
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People talk about UBIT like a kid talks about a big scary monster under the bed. Here is my experience as something to reference. Ready..., Fire..., Aim...I keept hearing about UBIT at seminars "Be careful, you co...
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For all my SELF property management investors out there. What's the best way to get rent payments from tenants without having to physically do it and something secure and with a trail?
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Hey friends! I was hoping to gain some insight into the world of personal finance. I had to be honest with myself and admit that I have poor financing skills and I'm not good at accounting or numbers in general. So yo...
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I've got a problem that I'm sure many other people have faced, but I'm running into dead ends left and right.We owner occupy a duplex in a very high cost area, and are trying to move to North Carolina. We'd like to bu...