All Forum Posts by: Dee Dee Huey

Hello, My name is Dee Dee and I wanted to introduce myself. I've been with Bigger Pockets since 2014 but haven't done much here. I just upgraded to the pro plan and looking to connect with local investors. I've been in real estate since 2015 and currently offer accounting services to investors. I need to connect now since I have 6 properties to wholesale and need to find buyers. There will be more properties coming soon as well. I look forward to meeting you all! (At least virtual)

All the best!

INVESTORS: Don't Miss This West Mobile Portfolio of 6 CASH-FLOWING Properties

Seize this rare opportunity to own an OFF MARKET turnkey real estate portfolio in the thriving West Mobile market. This collection of six properties is perfect for investors looking to diversify their holdings or expand their rental income.

Property Highlights:

• Prime Location: Strategically situated in West Mobile, known for its strong rental demand and convenient access to shopping, dining, schools, and major employers.
• Immediate Cash Flow: All properties are currently occupied with reliable tenants, generating a combined monthly rent of $6,400, ensuring immediate returns on your investment.
• Diversified Portfolio: The six properties offer a mix of layouts, ranging from 3 bedrooms/1.5 baths to 4 bedrooms/2 baths, catering to various tenant preferences and minimizing vacancy risk.
• Turnkey Condition: Each property has been well-maintained and is ready for continued rental income or potential renovation to increase value.
• Strong Growth Potential: West Mobile's growing population and ongoing development make this a smart long-term investment with potential for property appreciation.
• Properties being sold as is.

Asking Price: $755,000 OBO

Act quickly! This portfolio won't last long. Additional information is available for each property. Please DO NOT DISTURB Tenants

Great question, Matthew. Quickbooks Online is very affordable. I'm not sure where you got your information but it's not into the thousands. One QB Plus subscription will cost you about $65/mo. And 3% bookkeeping fee? Who have you been talking too? LOL!! That's not always feasible to a small business, I have to agree. But there are accoutning firms out there that charge a fair price and one that won't kill the bank. Something you might want to consider is what is it going to cost you in the long run if you're doing your own books? An accountant knows and follows the laws and standards and can help you maximize your profits and save your thousands. Way more that what you might spend on a monthly basis. All you have to do is budget that bookkeeping and subscription expense. I do have to disagree with you on the one size fits all. I have clients that gross well into the tens of millions, they hold residential and commercial properties. QB has never been an issue. You just have to know how to use it. 

When you purchase something at Lowe's, the cashier usually asks if there is a PO. If they don't, you can tell them and it will print out on your receipt. The PO should be the property address. Then when you email that receipt into your QB account, you or your bookkeeper will see the printed receipt with the PO and can categorize that expense to the right property. Any other receipt? You can simply write the property address on it then take a photo and upload to your Quickbooks account. Any digital receipts can be emailed right into Quickbooks. 

I have heard of Baselane and actually have met with one of the owners and developers. I haven't used it yet but from what they've shown me, it looks real promising and maybe worth the time trying out. 

There are many receipt bank type softwares available. I can't suggest one b/c I don't have any good experiences with them. You may find one that suits you if you keep looking. I would certainly schedule the same time every month to take care of your finances. Make it a discipline if you haven't already. You'll soon find out what works for you and what doesn't. All the best!

Can anyone suggest some insurance companies that allow IUL? I'm in Alabama.

@Scott Matthew C. I’m new to tax lien investing so forgive me if this is a weird question but how can you charge the taxpayer rent and expect to get paid? After all, they didn’t pay their tax bill.

I'd like to work close with a local REI friendly/knowledgeable agent. Any recommendations?

@West Kite I’ve had clients use Stessa before. It almost works like Quickbooks.

@Ponni Carlin

I’m a bookkeeper and this is a common practice. Makes for cleaner books for sure.

@Karl McGarvey

I’m just here for the comments.

I agree with my fellow Quickbooks Online colleagues. QBO has many features (like reports) to help you know your numbers. I have several clients that have used Stessa for rental tracking. You connect your bank account just like you do with Quickbooks Online and the transactions get loaded in the same way. You can then categorize those transactions. My other advice would be if you do decide to go with Quickbooks Online, find a bookkeeping/accounting firm that are pro-advisors that will pass on their Quickbooks Online monthly subscriptions at a discount. All the Best,