Michael Carter
Former Teacher, Newer Agent, Aspiring Investor and Developer
Hi everyoneMy name is Mike Carter and I live in Syracuse NY. I've followed BP for a while now but I have finally started taking steps toward achieving my goals. 10 years ago I wish I had entered the industry, rather t...
Andre Joseph
QuickBooks Setup for Real Estate Investors
Hello, I hope this message finds you well. I am reaching out to you because I am in need of assistance with setting up my QuickBooks system for buying and managing properties in GA.
As you may know, managing properti...
Ken Morris
A few newbie questions
1)How do you get accurate financial numbers on a potential property?2)Who do you get the accurate financial numbers from?3)What is the point of a pro-forma if the numbers are altered and made to look good? Why not jus...
Albert Lubin
What's a true OPEX ratio for a 10 to 15 units property?
Hi, I am a new investor and I'm contemplating buying a commercial property to hold. I've been using the general "50% of EGI" rule to analyze properties but I am curious what a "true" range is. I do have some questions...
Kyle Bergren
Rockstar Credit Union Referall for North Carolina?
Hey Team BP, could any of you refer a rockstar credit union who would know how to handle folks with complex financial profiles to execute timely BRRRRs? I've been hitting several Fannie/Freddie landmines with my curre...
Matthew Bernal
Trusts, LLCs, and AirBnBs
Hey BP Fam! I hope that everyone's 2024 is off to an outstanding start!I was fortunate enough to get a property under contract at a great price from mentors of mine. They had suggested using a trust to hold the asset ...
Kyle Scelza
Long term Property Management
BP Investors,For those leveraging property management what’s the number one thing you can’t live without that your PM provides for your business?What’s the one thing you wish your PM did offer?Love to hear some discus...
Ali Mol
Question about Treating the Credit in a Lease-to-Own Agreement
We signed a lease-to-own contract for 60 months. At the end of the term, we are obligated to provide a $100,000 credit at closing toward the purchase price for the buyer/tenant. This credit amounts to $1,666 per month...
Matthew McNeil
How would you rate yourself - honestly?
On a scale of 1 to 10, how would you rate your knowledge before and after joining BP based on the following;Accurate financial analysisAsset protectionFull grasp of your strategy (no blind spots)Understanding taxesLev...
Brandon E
Rental income
When filling out a personal income statement, it asks for "net rental income"; should I just use the 50% rule and figure half the gross rent-PITI? What will give the most accurate financial picture?