BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 1 year ago, 01/05/2024
Advice on how to pay for labor, equpiment and supplies first BRRRR property.
For labor we were thinking of using our business checking account to wire money or even use Venmo through our business account.
For things such as furnace, flooring, paint, lighting, etc. we were thinking of using our business credit card, and buying all those things ourselves.
We'd keep a copy of all invoices for labor, and receipts for purchases for tax purposes.
Is there any advice or anything we should do differently? Is getting a business AMEX or other credit card with higher annual fees but better points/benefits worth it for a first one?
Thanks!