All Forum Posts by: Waylan Liu

I’m trying to get some advice on the most efficient way of buying my aunt’s house. She is in no rush to receive the funds and the property does not have a mortgage. 

I’m currently short on cash and my idea was to transfer the ownership to my name and after 6 months do a cash out refi to give her the funds. 

Agreed sale price: $190,000

ARV: $240,000

Is a quit claim deed the best way? 

Hello everyone!

Now that I’m beginning to grow my rental portfolio, I want to know the most ideal way to setup bank accounts.

Do I setup separate accounts for each property?

Do I setup separate accounts for cash flow vs. operating income?

Currently I have only one checking account for everything.

I am curious on your strategies and recommendations.

Hi All,

My goal is to grow my portfolio to generate cashflow to live off of passive income. Mainly interested in BRRRR deals.
I have a couple SFH rental properties here in the midwest that are fully paid off. Having this equity sit around feels wasted and I could be using it more effectively to reach my goal.

Both properties' market value is about $220,000 and both cashflow $14,000/annually. ROE=6%

What is considered a good ROE? Can having too much equity be considered a bad thing? In this case I should do a cash out refi to invest in other properties, right?