All Forum Posts by: Shawn M.

Does anybody know of a search engine that will pull homes from multiple sites, similar to the way orbitz.com or kayak.com does with flights? There is simply not enough time to go on every site I know.

Here are the sites that I search, Please add your sites for finding homes

ecomohomes.com

hudhomestore.com

hubzu.com

hudsonandmarshall.com

auction.com

homepath.com

Try out Omni Focus, it is a great task organizer that syncs with your Calendar and has a great iphone/ipad App.

Try RealProspect2009, it does exactly what you are looking for.

Right now I have most of my properties in one account with each set up as a different class. When I do a Profit & Loss by Class, I get all the breakdown I need, It just shows Debt repayment as a profit, which won't buy me dinner.

Hi Derek,

Thank you this makes sense, but I don't see that option under the quickbooks reports. I see a "statement of cash flows" option but that doesn't really give me a breakdown per property.

Since PRINCIPAL repayments aren't an expense when you track them in Quickbooks, how do I track them in a way that lets me know what my monthly cash flow is? ( as in the amount of money I can put in my pocket each month)

Most RE investments calculate the principal as an expense for monthly cashflow purposes. BUT it really is just an internal transfer to a long term liability and never shows up on your P&L statement. Is there a way to make it show up as a line item on my P&L so I can quickly see what my cashfow is with or without it?

are you with me???

Oh yes the pied-à-terre.

I had a guy come see one of my rentals driving a nice beamer, wearing a suit, obviously very corporate with a very attractive lady hanging on his arm. When I Face Booked the dude his profile picture was him with his wife and 2 kids and the wife was definitely not who he was looking at the apartment with. thank god they didn't ask for an application.

I'm sure we could have another whole thread with this topic.

Michael, you hit the nail on the head. This is more precisely what I was trying to get at with my original question. Sometimes the numbers are a little more skewed and you can get 10K making 25% ($2500/yr) vs 80K making 11% ($8,800/yr)

Now which would you choose?

Purely speaking the 10k is doing better for you, but the 80K will get you out of the rat race faster.

I would want the tenants actual names on the lease, since if you have to evict them you will need to provide a lease with their name, and not some llc.

If you have an llc rent it do they have the right to swap out tenants?

How about what metric you use to evaluate a potential property? which was the essence of my original question (which wasn't expressed too clearly) since you should most always use leverage to purchase properties, unless you are looking to get money out of the market and keep it safe.