Account Closed
What degree would be useful for real estate investing ?
I have a GI bill and I get out in January! What degree would be useful for me to take in college? Thank you in Advance
JD Martin
Pre-paid rent - taxable in the year accepted or year applied?
Good afternoon all!Before I do my taxes, I have a unit in which one of the tenants (a college student, parent paying) prepaid their rent for the first 6 months of 2016 in late December. Should I claim the income based...
Patrick Menefee
Factors affecting conventional mortgage origination
Hey all,Looking at 2 potential investment properties and trying to evaluate some of the criteria a lender would use to underwrite me. As a starting point, i have a mortgage on my primary residence. The first house i c...
Jonathan Krauser
Terminating a VRBO and Airbnb property manager
I have a friend who has been using a real estate agent to manage his property with VRBO and Airbnb. They are unhappy with their agent and want to switch to another one. Unfortunately for the owners, the real estate ag...
Account Closed
Closing on my second 4-plex today!
Closing on my second 4-plex in Cedar Rapids, IA today! Listed at 144, I picked it up at 135k, with a total loan balance of 127k. The seller is also giving me 1.5k at closing for cosmetic repairs, so I'm only putting...
Michael Salamone
Sole Proprietor and Taxes
I just purchased my first investment property. It is a duplex with a tenant already living in one side. I set up a separate bank account to have the tenant deposit the rent into. I also had an agent give me the tip th...
Sophia Villebro
PLLC or Not???
This question has been tossing around in my head and thought maybe I could reach out and see what you guys think. As a newly licensed agent and aspiring investor - I have been contemplating on whether or not I should ...
Ian Jaeger
What are you doing with your ‘cash’?
Hi all,I’m just getting started in this and don’t have enough cash on hand for a full deal yet, but am saving as much as possible.That said, savings accounts are paying essentially nothing, CD’s aren’t much better.Sta...
Kurt Pourbaix
Accounting Software Recommendations
I have been using Quicken 2013 Rental Property Manager, but before I just upgrade to the current version, I wanted to learn what others are using and see if you would recommend it. I have about 15 rental properties i...
Account Closed
Financial planning - What's a plan without considering real estate?
Retirement / financial planning are extremely important tasks. My biggest beef and frustration though is that the vast majority of planners fail to consider real estate and other investments when building a plan.
As ...