Jay Boyle
Are security deposits income on the profit and loss sheet?
Hi I am new to apartments. I presently have a 90 unit under LOI. The financial data I received from the seller shows the incoming security deposits as income and the outgoing security refunds as expenses. is this typi...
Account Closed
Buying Property with a Partner
Hello,Due to the fact of being a bartender for the last several years, and having student loans, my debt to income ratio is quite screwed up, making it near impossible to get a mortgage. For this reason, I'm buying a ...
Rob Newsom
LLCs / Seperating Finances / Spending Cash Flow
I have 2 rental properties. I have an LLC. My LLC has a business checking account. All of my spending and rental income flow through the LLC business checking account. However, none of the rentals are owned by the...
Joshua Bowers
Turning An Investment Property Into a Business
I have a house that I lived in for a couple years, moved, and now it is my first rental property out-of-state. I have a property manager and other than that I'm pretty much hands off. I'm currently reading a book on r...
James Krahula
Stock Market While Saving For Down Payment?
I am currently saving for my first down payment on a buy and hold real estate property. I'm using Barclays with their really high 1.5% APY savings account. A lot of people will argue that if you are saving for a down ...
Account Closed
Have investor pay into LLC or directly company directly?
Hi everyone, I basically have a friend paying for an investment property which we will flip and then share the profit. My question is - do i have him pay into the LLC and then pay the title company from the LLC? Or ...
Frank Adams
How do I find properties banks want to unload?
I can't believe this is as simple as going into my bank and asking so what's the best way to find bank properties?
Terri Dyer
Lima One Lending Complaints
I’m looking for others that have had issues with Lima One lending. Many of the issues I have had and seen Others on the forums include; them jacking up interest rates without informing the consumer right before closi...
Fabio Busatto
BRRRR Strategy - Would you consider this as a good deal?
It is my first time using the BRRR strategy instead of just flipping the house and I must say I am bit concern over the number. Here are the details:I paid €141.750K for an apartment using private money to fund the en...
Trent Balandran
Hard money loan concerns
Hi all, I am new to the world of real estate investing. I recently purchased my own primary home and I have been prospecting to get my own fix and flip deal. I have a mentor who fix and flips full time and will be ass...