Hi Everyone, hope all is well. Wanted to get your thoughts on this deal, based on the following terms:My goal (caveat): 1st MFH deal, looking fora stabilized asset for moderate cash flow. Not looking to do any major v...
Hi all. My wife and I think we are going to buy a first rental property and wanted to check in with all of you experts, particularly because our plan might be a little different than most.Us: 55 and 51 years old, one...
Hey everyone!Curious to see how people have overcome the debt ratio hurdle. I'm a relatively new investor focusing on buy & hold, and very passionate about real estate. I'm about to close on my 4th property and wi...
I set up a parent LLC (not a series) for my properties (each have a LLC). I have a separate acct for each door. Each account has a checking and savings. the savings is for deposit escrow. If I move my rental income to...
I plan on calling my 401K company first thing Monday morning, but I was wondering if anyone on here had any experience with 401K loans? There is a property for sale in my neighborhood, 3 bed, 2 bath, 1000 sq ft fo...
When looking at expenses related to a property (vacancy, HOA, utilities, PM, repairs etc), how is that set up within a bank account? Do you lump them into one account and then dip into it when a vacancy or other expe...
Let’s talk about taxes. If you are already groaning, you are going to want to read this. The trick with taxes is creating a strategy a year ahead, executing your plan during the year, and reaping the benefits the foll...
Hello, I have a family member who makes a significant amount of money a year and he hates paying taxes. He just got a very large check in which 50% is likely going to go to taxes. Would it make sense for him to start ...
Hello,I am taking Computerized Accounting Systems. Is it a good idea to take Computerized Accounting so I would know how to balance the books when operating several apartment buildings?
My wife and I are under contract purchasing our first property. It is a triplex where we will be house hacking and living in one of the units.My question is, would it be wise to open a separate bank account and run ev...