All Forum Posts by: Anthony R.
Anthony R. has started 0 posts and replied 25 times.
Post: Should I use equity from my home for downpayment on first rental?

- Posts 26
- Votes 17
@Amber Tippett you’re welcome. What I meant by “conservative cash on cash” was an additional analysis that is more of a worse case scenario on your target property. If it still can cash flow with aggressive (low roi) estimations you’re in a strong spot to start. Hope that helps.
Post: Should I use equity from my home for downpayment on first rental?

- Posts 26
- Votes 17
@Amber Tippett I personally love this idea! If you can take some of that “earned” capital and scale the investment you’re on your way to building that times over (if that is part of your plan). Of course, your own risk tolerance is imports to check and having proper “catastrophic” reserves along with a good analysis of “conservative cash on cash” returns on the property you acquire will help guide you!
Post: Best bookkeeping software?

- Posts 26
- Votes 17
@Geoffrey S. I really hated quick books. Even their “new” online version seemed antiquated to me. I opted to pay more and outsource my bookkeeping to bench.co. Happy to share a referral link where we’ll both get a free month if you’re interested.
Post: One LLC needed for each Fix & Flip ???

- Posts 26
- Votes 17
@Scott Smith this sounds like a solid idea. Would you only be required to file a single tax return for the whole “family” of LLCs?
Post: Advice For Removing Nightmare Tenants

- Posts 26
- Votes 17
@Jennifer Fox I’m so sorry to hear this. I do not have advice for you except to stay strong. 2019 will be better!