All Forum Posts by: Katie Jewell

@Steve Morris oh and I should add that I did ask my tax guy and he suggested I see what other real estate professionals thought about my question. Maybe I need a new tax guy, but with hundreds of thousands on this site I thought someone might have a helpful opinion.

@Steve Morris it sounds like you’re concerned that I’m not being cautious. Thanks for your comment. Knowing that I qualify and knowing how to properly record are different concepts though aren’t they?

Hi all, I'm doing real estate investing as my primary/only source of income these days. I am a stay at home mom, so it's clearly not my only job, but the only one that pays me. :) 

I have the ihour app that has been very useful for me to catch the hours as I go in real time vs. having to recall each moment at the end of a day or week. But, my question is, how detailed does the description have to be. Do I have to also write down each task in the moment, or can I go back over a week or even a month and flesh out the details in broader strokes? Can I say for example, "rented out x unit this month", or do I need to go over each day and list all of the times I answered messages, fielded calls, accepted tenants, did the lease, etc?

Thanks!

@Caleb Genry I'm looking for a easy to use spreadsheet as well. Would you be willing to share with me?

@Lynnette E. I suggested this and apparently she doesn’t know anyone with a credit card. Like stated above, I’ve made this her issue now. I’ve given her links to both of the companies help desks and have realized this is more than most landlords would do.

I have an applicant who says she qualifies and has been trying Zillow and cozy to apply for the past two days but says the debit cards she has aren’t being allowed on either site. I’ve contacted the help sections on both sites and haven’t heard anything yet.

What am I missing? I know I’m relying on the technology to work, but how can I check her credit and background without it? Obviously it can be done. Help!

He wants out of the lease, she's the one paying all of the bills anyways. Do I terminate the lease and resign with just her? Is there a specific way to terminate a current lease by state? Is there an easier way that I'm missing?

Hi @Linda L. Kampe! I definitely want to set up some meetups again when it's safer. We did a couple and had a few people turn up! If you have a decent deal and people you trust to do the rehab, go for it, especially if you have the finances in place and are willing to dig in and learn through the process. You may not hit a homerun on your first deal, but you'll learn a ton and might just get the investing bug. If you have any specific questions feel free to send me a message. 

We are looking at a multifamily property valued at 1.9 million in our area. We would like to find a commercial loan that is 75% LTV and non-recourse if possible.

@Charles Seaman the tenant base in the area is quite strong, but I generally agree to phase it.

It would be a combo of physical value add and rent increases.