Christopher Freeman
Building the Right Chart of Accounts
Howdy, all!I've been lurking on the forums for a few months, and finally came across a topic that didn't seem to turn up any search results: Building a chart of accounts for a rental business.Let me back up and start ...
Eric C Henry
How many contractors is too many?
Hi all! I am in the process of rehabbing my first house for a fix and flip investment. The house needs a good deal of work. Most of the contractors I speak with want to take on the job of fixing the whole house and su...
Stuart Udis
Investing in Multi-Family Syndications With An Out Of State Sponsors
Like many of you, I am frequently contacted by syndicators raising capital for apartment building acquisitions in distant markets. In many instances I am notified an offer was made in a multiple offer situation with a...
Danny Day
What do you budget for closing cost?
Wondering what everyone budgets for closing cost as a rule of thumb. I know this can vary based on county to county, who pays title policy, etc. but I'm wondering generally what do you use off your head.
3%, 5%..7%?...
Derrick Sisney
equation???
I am curious. I have read about "How do you know if a deal is a good deal". My questions is is there a particular EQUATION that you use to ensure that you WILL make a profit of some sort.
I am not wanting to rent out...
Ikenna Okafor
Cash out Refi - Loan Fees and Costs, What is reasonable?
What amount of fees are expected these days in a cash out refi? How much is reasonable when it comes to loan fees? I had planned to do a cash refi on one of my investment properties, but the fees are too high. With t...
Michael Marston
Why would I not do this deal?
Duplex @ $395/mo. each side.; small ranch @ $375/mo.; another small ranch @ $450/mo. All currently occupied. Tenants pay all utilities - except duplex gas which is paid by LL (approx. $2K per year). Taxes = $2,000.Tha...
Jeff Howard
Huntsville AL Deal Analysis
3809 Timwood Dr NW,Huntsville, AL 358103 beds2 baths1,534 sqftPrice: 63KTurnkey providers description: This 3/2 1,534 square ft home was built in 1980 and it’s right next door to a ball field and the neighborhood is r...
Marc Izquierdo
What number is taxed on a financial statement?
I was starting to build, edit, and run a few deals through a spreadsheet I developed. Below is an example of the financial statement portion of the spreadsheet. I was wondering which number the IRS uses to determine...
Rebecca Jeffers
Need Help With Offer
I'm looking at my first duplex in the DFW metro area. Built in late 60's, 2/2, 2400 sq feet in older but established neighborhood. Renter who wants to stay on one side and owner occupied on other. Renter pays $700 ...