Most people's eyes glaze over when you mention finanical statements and accounting to them. But I contest this is where the real money is made.

TRUTH = Once you understand your accounts you will make more money.

W...

HiI plan to buy larger (10+ units) investment properties in these areas:-Detroit/ Memphis/ Houston/ Chicago/ GA/ VA What do you think about these cities or states?I like Detroit but i heard people are leaving.  So, I ...

HiI purchased four properties under one mortgage two years ago. I am looking to sell one of them.  Lathe mortgage company told me it would be a partial release. (I hope that is the correct terminology). my questions a...

I contacted a broker about two mixed commercial/residential units being sold individually out of a portfolio of 15 properties. I asked for a T-12 for the properties and was told: "I do not have a profit & loss rep...

How successful have folks been borrowing in LLCs without personally guaranteeing the loans?For those who have done this, do lenders rely on financial statements of the LLC to get comfortable with not requiring a perso...

Hello,I came across a multifamily which is a 5-plexThe seller’s agent showed a vacant apartment when I was there as they don’t want to disturb tenants on casual inquiries. When I first bought my triplex I needed a pre...

I own several SFH, duplexes, triplexes, and a quad but I'm in discussion regarding a 13 unit mixed use property that is of interest to me mostly due to location (I own several properties in the area and it's near me a...

Hey everyone -Found out today my tenant faked their bank statements and employment. It was poor screening on my part (I used Zillow's rental manager, but didn't realize the income section wasn't verified). I'm in the ...

Hello,I'm purchasing three 1b / 1b condos in a good area here in Ohio.I'm financing through a bank and received my final closing disclosures on one of the units.Purchase price is $40k. Loan is $32K.Closing costs are $...

Hello BP! I have a question for you all.  I am conflicted at the moment as I am starting out in the investing world.  I have heard pros and cons from both sides of the fence on the topic of: starting small and working...