Hideaki Yen
Question about accounting
How much accounting do we need to know to start in real estate? Do we just need to know the very basics like keeping track of net worth and balancing assets, liability, equity? Or do we need to know more advanced topi...
Justin Goodin
What are the risks of investing in real estate syndications?
One of the biggest risks lies in the execution of the business plan. Before the deal, you’re wooed with glossy marketing packages and the sponsors will answer your questions with lofty ideals.
However, when the rubbe...
Alex Del
How Do You Bookkeep Utility Payment from Tenant (tax purposes)
Hello all,
First post here. I am currently coming to the end of my first year in a house hack and I am checking over my documents and bookkeeping before tax time. The setup is as follows: 2 family, separate, propa...
DeAndrea D.
What to look for in CPA?
Our LLC paperwork is being filed with the state now and we will be setting up a business banking account when we have all of that squared away. We plan to wholesale to raise capital to buy long term multifamily rental...
Chanler Decorso
Getting started with the right bank
Hi everyone! Im just wondering what is the best bank to have when you’re planning to own multiple properties.I’ve been looking for my first home the past six months and as you know I need every dollar I can get. I...
Grant Cardone
My First Multifamily Deal
Consider the first deal I did in multi-family.....
I invested $350,000 to buy a $1.95 million, 48 unit complex. I can't lose my money as it is invested in the property. Because of leverage, I was able to buy a $1.95...
Kyle Curtin
19 looking to househack shortly but just opened a credit card?
Hi everyone, I am 19 years old working a stable HVAC job and am a Realtor full time. I am looking to buy most likely a SFH in a local town with a 3.5% owner occupied FHA loan and rent out most of the bedrooms for ...
Adam Craig
How to best prepare financials for commercial office refinance
I purchased a vacant 7 unit office building in October through private/hard money and seller carry. I now have 6 of the 7 units either moved in, or with a signed lease and move in soon. Fully lease the building should...
Shawn Thomas
Type of LLC for RE Investing
I know there’s different types of LLC’s, which is the best for real estate investing? Single member?
Justin Metz
Didn't Pull the trigger - Fear of "Corona Economy"
We looked at an REO earlier this week. My fiancé and I previewed the property determined it needed light rehab, flooring and paint, ran the numbers, and they worked for us. It would cash flow but we ultimately decide...