I've never purchased a property with the intention of flipping. Always with the plan of buy and hold. I know many flippers look for property that they can buy at 70% of ARV minus the cost of repairs. I assume this equ...
Is having a ton of rental properties & installment sales in a massive 1040 tax return - an IRS audit flag?? I have about 60 rentals and 25 installment sales. I'm continuing to add more over time. Most are cheapie ...
I'll try to sum this up with an effort to be succinct. Local bank gave us a 30 yr fixed rate through Freddie Mac on our first duplex. The duplex and loan will be in her name only. We're going to be using a small pa...
Hi,My girlfriend and I are looking to purchase a first investment property soon, and we were wondering if there was a preferred bank to open up a business account. Or maybe it doesn't matter, as long as we have a plac...
Hi,
A friend and I are going to start a real estate flipping LLC, he's done 100s and owns a larger GC compan, I'm newer to it. We are beginning by contributing 100K each and future capital contributions will be 50/5...
Greetings Fellow Investors,
I'll make this quick. I'm a Realtor in the South Carolina area who will be buying my first house hack this month. I know that in any business knowing and tracking your numbers is vital to...
Hi All,
How do you track your income and expenses for your STR? Especially if you're managing more than one property.
Thanks for your help
Hello everyone,Again - Thanks in advance to everyone who is able to provide me with feedback/answers.My goal is to pay for homeowners insurance/real estate taxes on my own without it being paid by a bank via monthly e...
Hello Everyone,My name is Matt Garcia. My wife and I currently live in Seattle, WA. I've been a Certified Public Accountant for over two years. I worked in public accounting for a few years as an auditor before transi...
I’ve been practicing analyzing properties with hopes of buying my first one in the next month or so. When I analyze properties, I account for vacancy, maintenance and cap ex (along with all the other expenses) but her...