All Forum Posts by: Jennifer Griffin

@Nataly Llanes

 Shoot me over your email address and I'll send it right over to you . I was thinking of adding a column for mileage. What do you guys think?

@Nathan Waters

You are welcome let me know if I can change anything.  I can make it exactly the way you want it.

Hey @Nat C.

Our PITI is around $562 and the benefit of this one is she replaced the windows siding and roof due to a hail storm, so our maintenance expenses will be low so that's a plus. Our renovation costs will only be around $2000.

Thanks @Matt Poteetmy husband has a lot of work ahead of him

Benefits of walking for Dollars

We started talking and she mentioned she will be moving out of state. I asked her if she was selling her house because my husband and I buy houses. I told my husband about it so he decided to go over and talk to her, to try to see if she would sell it to us directly without a realtor. She said she bought the house with a particular realtor and wanted to sell it with the same realtor.

We were expecting to pay around $130,000. Comps in the neighborhood go for $165,000-$170,000.

A couple days later the realtor called me, and said they will take $120,000. So we accepted the offer, and are awaiting closing on the 26th. We already have it rented for $1250 a month. The tenants move in on the 1st.

We have a total of 5 days to update everything. We'll see if we can complete it.

We will post some before and after pictures. It's a 4 bedroom 2 bath, 1 car garage.

@Kris G.

Try First Bank his name is Kyle Wilson 719-638-4106 or 719-573-5000

@Nataly Llanes

Yes each property has its own tab, and then combines it on my profit and loss statement tab. It gives me a quick snapshot of what our portfolio is doing. With Buildium, the reason I didn't recommend it for less than 5 properties is because of the cost benefits. You can do it in Excel for free. However, if you wish to use Buildium you can for 40/month. 

I believe that riches are in the eye of the beholder. I have a loving husband, loving kids, faith in God, enough money so that my family is comfortable, so therefore I feel like I AM the richest person in my state😉

We have used all of the softwares you have mentioned. We find the easiest way for us to do it, is to use Excel and Buildium together. The reason why we like Buildium is because we plan on having a Property Management Company one day, and it gives us a way to screen tenants, have online applications, keep track of late payments, and gives us a way for tenants to pay online. Just to name a few. However, I would not recommend Buildium if you have less than 5 properties unless you want to scale very quickly. 

We also use Excel as a quick way to show our lenders our income, and to keep track of expenses and debts. Buildium would also allow you to do this but we haven't gotten comfortable doing it yet. We will attach a photo of our Excel worksheet and if you'd like a copy please let us know. FYI we have deposits under our income column because once you keep the deposits for repairs, it becomes income. Hope this helps.

I used onlinerealestatereview .com

Hope it helps