All Forum Posts by: Devon Cornwall

@Matt Kowske

I had meant how do you post a transaction between the parent accounts, I got it figured out eventually.

@Michael Reach

Thank you for the post. I too have ultimately decided against using GC in the future but I think the tutorial they offer was worth the confusion. I'm working with Sage 50 now and have really been able to more fully utilize the program with the knowledge I gained from GC.

I find that it will work well for me for accounting purposes and I don't quite understand how people are struggling to manage properties within Sage. The projects are something to live through, I can set up monthly or yearly projects that function to retain transactions for my individual properties. I find it works really well and appreciate the lack of confusion by classifying everything as either AR or AP.

I appreciated the PM comparison link, great work with your evaluations. 

Hey @Matt Kowske, I was just getting started and have read almost the full tutorial on GC but I was wondering about implementing it for my first property.

I like the separate hierarchy of accounts but how did you get them to interact? Do you use the parent accounts against one another?

@Michael Reach, @Gus Viano

I was wondering if perhaps you went through with using GC and was wondering if you had any tips or tricks to starting up in addition to Matt's suggestions in his post?

Thank you all,

Hey everyone, I was kind of wondering what others are using to manage their financials. I'm trying to get gnucash to work for me as it is free to use and seems straightforward to me but I'm struggling to implement it fully.

Has anyone succeeded with this?

Otherwise, I'm wondering what suggestions others have for me.

Thank you,

I'm looking for some information about how corporations work in the terms of personal. Can I set up a holding corp that shows no income (paying no tax) as a through entity?

Essentially, I am working with a group of 3 others and we are sharing ownership of a corp. I want to set up my own holding corporation to hold onto that piece of the other corp but I want all of my income from it to be passed through my corporation and not having to pay tax on it?

Is this possible?

Hey everyone, I was wondering if anyone has any relationship or information about Keyspire. I want the good, bad, and ugly.

Thank you all,

@Frank Patalano

I feel intimidated by the things I feel I don't know or understand fully. Some of the financing stuff is fuzzy. Like hardcore out of focus. I wish I could see some of the contracts that people use for private lending.

I have a meeting with a REI friendly lawyer on Thursday next week.

@Jay Hinrichs

Thank you for your affirmation, you've really helped me be confident about the approach. There is a lot here in town that has an old abandoned building in a really nice neighborhood and the owner lives down the street but hasn't done anything to it in like 6 years. It's siding has fallen off, the walls were gutted and stripped of copper. It's a really sore thumb.

I have spoken to the neighbors and they really want to see something done and I would love to do a spec build. I have been in construction for 3 years, I'm an electrician's apprentice and I think I could talk him to sell. I was going to approach by foot and do a face to face despite having his phone number.

Does this sound reasonable?

Hey BP,

I hope I hit the right people with this one.

I am currently an Electrical apprentice working residential construction F/T. I was thinking about going to get my Mortgage Agents license. The cost isn't an issue and I honestly think I will do well. 

The questions I have are:

How helpful is it to have as an investor?
How much time is generally expected from a broker in relation to an agent?
How does the whole ecosystem work? (between the broker, agent, and clients)

Thanks,

Hey BP,

I hope I hit the right people with this one.

I am currently an Electrical apprentice working residential construction F/T. I was thinking about going to get my Mortgage Agents license. The cost isn't an issue and I honestly think I will do well. 

The questions I have are:

How helpful is it to have as an investor?
How much time is generally expected from a broker in relation to an agent?
How does the whole ecosystem work? (between the broker, agent, and clients)

Thanks,

@Ross Bernard

Sir, I appreciate you flowing through the forums and offering your assistance.

If I may, how do you drive business in real estate if you don't advertise?

Thanks,