Jeff Stein
Real estate Bookkeeping
I am About to close on my second property!
I really need a good software program for bookkeepingb and not aure if I should buy quickbooks or a dedicated real estate program.
My business is structured in that I hav...
Katharine Chartrand
forged check
Someone working on one of my rehabs somehow got a blank check of mine, forged my signature and either gave it to a friend who cashed it for $800, or cashed it with false identification.
It was cashed on Frida...
Naveen Kumar
Cashflow analysis stumping me
I have been crunching numbers on a lot of properties and so-called-deals and not sure if I am missing something, or just not seeing it.Purchase Price - 100,000Loan Amount - 80,000 (@5%, 30-yr fixed conventional)Rents ...
Blaise Peterson
Career advice for my daughter
Daughter: 26yo and earns >100k/yr and, historically, has rolled her eyes when I mention the phrase "real estate". Me: Old, RE is a side gig, transitioning from hands-on RE investing to minimal-effort cash flow, sel...
Brad Mirkovich
Seller Financing Structures and Setup
I want to move forward with setting up a seller financed deal, but am unsure on how to approach and how to structure the deal.
I’ve heard of two structures and want to know if there are any others that anyone has ...
Danny Mak
First Investment! Need Criticism and/or Support!
Hi All,I graduated university in 2017 and have been working in a big tech company for two and a half years. Real estate is something I have been learning by myself for the past year. I am trying to avoid paralysis by ...
Tony H.
Confused with LLC setup
Hi BP,I have done readings on LLC setup for rental properties. I am now confused as I kept seeing different ways people do things. I have consulted with 2 different CPAs before and they told me 2 different ways.We cur...
Todd English
Main water line to house is broken
Good morning BP! So, we're working on a rehab HUD foreclosure in Duluth, MN. We've recently closed and discovered the water main from the street to the house is broken and needs repair/replacing. Anyone tackled thi...
Glenn Tracy
Is filing a lien necessary
Hi guys! Ok, so here's the situation....I'm a newbie RE Investor and had plans of going into business with a friend who I've known for over 20 years. This guy has been in the RE business for the past 20 plus years a...
Paul Staszel
Using 401K to buy rental!
Has anyone used their 401K to buy a rental and receive tax free income ? If so, how does one go about doing so? Would I be able to make repairs out of pocket or does everything have to be from the 401K?