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All Forum Posts by: Ivan Rodriguez

Ivan Rodriguez has started 3 posts and replied 11 times.

Well for sure I will be missing Rob & David I have enjoyed all their shows and learned a lot from them for sure, as well as the previous hosts that also brought high value to us as listeners of the BEST PODCAST including the rookie shows and of course love I also live the shows “The Market” from Dave Meyer and everyone in the show. And yes Dave is a very smart guy, and his shows and the team all of them are awesome and all them are great and I have learned tons from them. 
but I am hoping that this particular show where all the changes happens now is more of info about Realstate and the needy greedy stuff continues and perhaps is much better with Dave Meyer and continues to be the;
"Biggest and the Baddest" Podcast

Thanks for all that you all do when it comes to teaching, mentoring and guiding investors to make better and smarter decisions which in this case is me to start moving from the parálisis analysis 🧐 my amig@s hope to see you all one day at the BP perhaps Cancun!!!


good luck to all of us and THANK YOU 🙏 

Hello Biggerpockets friends, 

I wanted to ask anyone who uses QUICKEN for Personal use and how good you recommend this and/or if some else uses other softwares for personal accounting.  Quicken's membership is about 42 a year right now, but I also found these other programs that I am not so familiar with. (ORACLE NETSUITE; Odoo Accounting; Accounting Seed, Acumatica Cloud ERP)?  I wanted your guys opinion before the purchase of this membership and connecting our personal banks to keep track of all our expenses and savings?

I hope that someone will know about this other programs and to get your guys feedback since I am planing on getting better in organizing our spending and savings for the next deal.  I had already subscribe to QuickBooks but this is to keep track of the rental expenses and everything else that quicken offers to be more organize for the rental expenses for tax purposes.  I was not to sure to buy a separate membership for our personal with quickbooks and also quickbooks is more expensive then having QUICKEN.  I also don't want to open another account with quickbooks and mix my personal finances and connecting both of our accounts with the RENTAL EXPENSES!

Thank you all for your time and your guys feedback/help on responding back.  I really appreciate all of guys for sharing your REAL STATE experiences and feedback for us to learn.  this is a wonderful community that work towards related goals in life.  Have a Happy BEST YEAR 2024.

Quote from @Jake Baker:

@Kiefer Cheney

Stessa is good for collecting rent and managing your rentals. Free with a BP pro subscription. 

For accounting software, it depends on the size of your portfolio.

QuickBooks Online can do everything but can be overwhelming if you are trying to do it yourself.

DIGB is great for smaller investors looking just to track expenses. It has an impressive dashboard that is designed for tax planning. 

If your portfolio is starting to overwhelm, you may want to hire a real estate-focused bookkeeper for a couple hundred bucks a month to manage this software for you. 

HI @Jake Baker I just wanted to confirm on your recommendations to Kiefer about DIGB is this an application or is this portal only to be used?

I am a smail investor only one property and wanted to see this option that you are recommended for future reference for me once i invest on the next property.  Thank you in advance for your help and feedback. 

@Leonard Rybak I am also new and learning from this wonderful site.  Me whenever I need to call my broker to ask questions or for refinance our property he is pretty good on returning calls within the same day, it should be the same for everyone when they really want the business, I assume that.  but on your case it sounds like you need to find a new broker.  They shouldn't take 24 hours to provide the answers you need to make this deal smoothly as possible, even if their personal things get in the middle, you/we are the customers and at least a courtesy call/text to let you know that he will be taking longer to get the answers you are looking for.  once I really change of brokers because of the poor customer services.  this new guy is more attentive to our needs. so it should be the same for you too.  it's time for a new and better person that wants to work and get your business. Good Luck to you on your new deals 

@Kristin Riker this is great to know about Digb and I did not know this one.  I am going to check this out and see which one is more convenient for me since you mentioned that for one property is 19 a month.  I will also ask my CPA to see which one is more convinient and easy to share all our end year expenses and income made.  great to know Landon thank you for all your excellent feedback.

@Joseph Palmiero

Great Job!  I am glad for your 1st step Joseph and this is inspiring for me reading things like this and people that are on the same spot, since I am on the same boat too or I feel the same way, but me I am still and yet not able to broke out the analysis paralysis yet!!

I am trying to grasp more knowledge before I go on with out of state investing. I finish the book from David Greene and now I am with Brandon's book Rental Property investing.

so reading your exciting news and I wanted provide my feedback for the accounting part, me what I started myself with and to keep track of expenses and income. What they recommended me to use is quickbooks just to keep things more organized for me and so far this will be my first year going on the second, this way I can provide to my accountant with reports and receipts to back up all the work.  I used to use spreadsheet but they were not so efficient for me to keep track all my expenses and the income. I am still learning the quickbooks but now whenever there is an expense I am able to upload receipts and keep things a little more organized for me so far.  

Hi Nathan Gesner @Nathan

@Nathan Gesnerundefined

I was able to open the file you shared (Pasha's Systems Spreadsheets) I will have to give some tryouts and see how this works and how would it be useful for my rental. 

I appreciated your help and sending this file. 

have you give it a try yet?

Hello Bigger Pockets friends, I listed to Pasha great strategies and his system with google spreadsheet I believe is what he says he uses. Does anyone know where to find Pasha's Residential Maintenance System spreadsheet that wasdiscussed in episode 784 with Henry Washington?  the Link takes me to the "Resources", but I couldn't find it there or anything in this resource site. I really appreciate your help and guidance please.  Thanks Bigger Pockets friends. 

Quote from @Miriam Velazquez:

Come join us at this real estate meetup on 3-4-23 at 3:30pm-5:30pm. This is a casual meetup to meet like minded individuals, network, share ideas and some brews. This meetup is especially for those in El Monte, Montebello, Pico Rivera, Downey, Whittier, Rosemead, and surrounding areas, but all are welcome to join.

This will be a recurring meetup that will occur the first Saturday of every month at Progress Brewing in South El Monte, California. So, mark it on your calendar!


 well hope that you will have another meet up soon after this one.  I am already booked for a commitment and I was looking for one close to my area. I am from OC but I will continue looking to see if there is any around this area.  

Thank you and hope to see you all there 

Quote from @Michael Dumler:

@Ivan Rodriguez, using a HELOC as a downpayment or to outright purchase an investment property is a viable strategy experienced investors implement time and again. That being said, you have to understand what you're getting yourself into. Recognize the work needed to acquire a deal that performs better than your HELOCS rate and payments. After the draw period, you'll be paying both principal and interest. Needless to say, you need to run your numbers religiously. Moreover, just for your understanding, small multifamily 2-4 units are still considered single families.


Hi Michael Dumler. I really appreciated your response and everyone else I really appreciated your guys advices. yes , I know that I will need to be diligent on my next move to see that the next deal will work with my numbers and not been negative then it will put me in a bad status. my HELOC is for 10 - 20 years with some modifications after the 10 yr but the interest on the HELOC is 5% so yes it is not low interest and I need to see that investment property that produce the correct numbers. so thank you all bigger pockets community for the input.