Simmie Douglas
Buying owner financed house with SD-IRA
I recently opened a self directed IRA and have planned to buy real estate with financing from institutions that specialize in IRA financing. I have found a property that the owner wants to finance $87,500 sales price ...
Mary Jay
how to calculate the tax after a sale of a rental
Hi guys,Can you please help me out?I am in a 30% tax bracket (not sure if this is important)I was thinking of selling 2 rentals.1) Rental 1. Bought in 2009 for 25K, now its 100K2) Rental 2.Bought in 2021 for 145K, no...
Neel Brown
Rental/Landlording bookkeeping software or template
I own and manage a duplex neighborhood with 12 doors in Texas. I currently do my own bookkeeping with a pencil and ledgers. Does anyone have any recommendations for landlord software or templates (like Excel)? I am ha...
Alyssa Magyar
Best credit card and bank accounts for rental property & how many
Hi all! I have one town home I am currently living in and hoping to rent beginning in 2023! (hoping to do a mid-term rental, furnished, focusing on professionals/traveling nurses). I know I need to get a credit card a...
Matt N.
Distributions or Not from LLC and strategies??
I formed a partnership with an investor and we have $300k sitting in the operating account. Rather than paying a property manager a $1,000 fee to place our tenants in the property, I am doing that and partner told me ...
Shravan Hemchand
Free dashboard to manage your rental property
Dear BP members, I started my journey Oct 2021 and am about to close on my 3rd property next week. BP helped me start the journey and I have come a long way.
In my journey I have learned a lot and here is what I wan...
Emerald Sie-Duke
An Employer that does not provide pay stubs (but writes checks)!
Hi,I am currently screening tenants (mother & daughter) for a 4bdr/3.5bath home. One of the prospects explained to me that she does not receive pay stubs and is paid by a hand written check and cashes it. When I ...
Derek Magdziak
Valuation of Multifamily Apartments - No Tenants
When evaluating a multifamily property (5+ units), one would determine the actual property income (the total income the property generated in the prior 12 months) and use this calculation as part of the calculation fo...
Parker Reid
Tenant Screening Process
Good Morning BP members. I am just starting out, I recently purchased a duplex. I plan on doing owner occupied for the first year but I wanted to hear for everyone out there. What are you using to screen your tenants ...
Eli Crapper
House Hack Fourplex vs. Renting all Units and Staying in my Current Rental (Canada)
Hi. I am a Canadian first-time home buyer and have just purchased a fourplex. I am trying to decide if I should live in one of these units vs. renting all 4 and continuing to rent at my current house. For context, I a...