All Forum Posts by: Dave Kapsack

Hello,

Any Philly area investors out there have any contractor or property management recommendations who have worked without out of Town Investor. Looking to do a long distance BRRRR , lining up all the necessary members. Thank you. Stay well, stay safe, stay happy.

Ok, perfect, I will be making note of that, thank you very much @ Drew Sygit

That is a great word of advice, thank you @ Michael Noto

Great to know @ Drew Sygit , yes the PMC I was looking into will provide 1099.

Awesome, thank you @ Bill Hampton for the recommendation. 

Hope everyone out there is doing well and crushing deals. 

Looking at the potential of doing a Long Distance BRRRR. One property as of now, either SF or SMF. Financing 80% of the purchase and all of the rehab costs thru hard money lender. Putting down 20% + other closing fees in cash. Opening up a separate business bank account (checking and savings) and using a property management. Is the bank statements and property manager's reports solid to use for both the tenant management/property management tracking as well as the book keeping/accounting? Would it make sense to use one of the programs out there for this? (IE: Quickbooks, Stessa, Cozy, other?)

Know your numbers.

Location.

Keep emotion out of it, it is business. 

@ Joe Splitrock this is deeply informative.Thank you for taking the time to share. 

It's a great read @ Jaquetta Turner

Oh ok @ Johann Jells, that makes sense, thank you.