Stephen Torti
Income Approach vs Comps Approach Appraisal
Hi All, got the Clear to Close on my first multi! So, question about the appraisal, I bought the property for $170k and the comp appraisal came back at $174k but the income approach came to $184k and that's before I ...
Colin Smith
Cars - Pay Cash or Finance & Invest?
My wife has finally ran her 1999 Volvo into the ground with the transmission going out and it would cost more to fix it than the car is worth at this point in time. Let's be clear that we are looking to buy a 3+ year ...
Laura Romaniello
How important is ROI and Cash on Cash Return when house hacking a multi?
So, I've been doing a lot of research on house hacking and rental property investing as a whole. My plan is to house hack a duplex or triplex in the near future, and in doing research I'm finding a lot of emphasis bei...
Vicki Trusselli
Market value is sociopathic
In a 69 year old retired female on fixed low income. I think that market value of rent is sociopathic. I rent with a roommate. New owners bought property. We have to move out as they are renovating and building will b...
Scot Sorenson
Does anyone use Stessa expense tracking for there properties?
Hello all. Has anyone actually used Stessa? It was advertised on the last episode of the BP podcast #295. I have 1 property as of now and have been doing little to nothing to track income and expenses. Need to rem...
Ken D.
Appreciation happens then...sell or refinance?
There is a lot of discussion about how to approach appreciation in RE investing, but say you got lucky. Then what?My specific situation is that I have a property that I purchased for $300K, is now worth $600K, and sti...
Raj Kumar
Residential Rental - LLC - taxed as Scorp - Need assistance
I have few residential rental properties, for which me and my wife are on mortgage but did deed transfer to LLC. But as for filing taxes we elected as S-Corp, it's been few years we have this set up, but learned that ...
Justin Cummings
BRRRR exit strategy or next steps?
Does anybody have an exit strategy for BRRRR setups?In the 2010s we did the BRRRR thing not even knowing that the acronym existed and now we're are in a good, but complicated situation.- The commercial mortgages (all ...
Jay London
Mini Storage Question
I've bought and sold some apartment buildings along with several other commercial buildings that I was able to do a value add to, so I used the same principle to underwrite this mini-storage but what they are asking a...
Michael Glaser
LLC: Which State Is Best?
Closed on my first rental home this spring. It's been two months with renters in the property in Kansas City. I'm looking to start an LLC before my next, but I'm also out of the country about 7 months a year while I'm...