All Forum Posts by: Scott L.

Does the desktop version of QuickBooks allow for automatic bank accounting linking/downloading? A great feature of QBO is that my credit cards and bank accounts assigned to my rental property LLC link and automatically push transactions in daily.

After 5 years of using QBO for my primary business (financial-planning firm) and 3 years using it for my real estate LLC, I'm thinking about going to the desktop version for my rentals. I have 24 SFH's that I own....so I am not a property manager, however it just seems that there is more that I can get from the desktop version and track more tenant info as well. In hindsight, I really overestimated the value/amount of time me and my CPA would have "online meetings" where we are both logged in at once.

please send me a private message if you are a current buildium user and would like to share your referral code.....we both save $50.

Thanks in advance!

hello all and thanks in advance for your reply. 

Just joined the community a few weeks ago, I have been acquiring SFH's and making them income properties for the past decade. My career though is as a financial advisor as I own a financial planning firm here in Northeastern Ohio.

My question for the forum is simply getting your opinions what opportunities there may be out there for my clients, in a very structured and professional way, to put money with a firm and earned a fixed rate of return.  I am not specifically thinking of REITS here, rather I was thinking of something different.......such as maybe there are hard-money lenders or companies along the lines of B2R finance that accept investor money and pay them a fixed rate of return.

Thanks all!

 James, thanks for your reply, and thanks to all of you for your replies thus far....your insights are appreciated greatly.

Let me clarify my earlier post when I said that I have no interest in working with a "traditional broker".....

I spend 95% of my week being a financial-planner and meeting with clients, only 5% of my week is spent with my Real Estate LLC employee's. I go look at houses in the evenings and early early saturday morning.

So although I desire to have a great relationship with my broker, I realize that the less time and attention they give me the more profitable I am to them. 

So I guess the better way of stating my thoughts would be that I desire a brokerage relationship that realizes I am an advisor and business owner first and foremost.  I don't want to be looked at as anything other than an investor who has a license for his own deals. An investor only gets their license in order to avoid the "middle-man", I don't want to have new headache's/middle-men with a broker who expects me to act all their other career agents. I know of an investor who hooked up with Cutler Real Estate here in NEO and although he was very clear about his desires, he soon figured out that he was being asked to do all the same things, attend the same meetings, as all the other agents.

Given that I own 90% of my properties free and clear I am exploring the idea in 2016 of taking a chunk of my equity and making a large purchase on my first multi-family....additionally I will be selling my primary residence and buying another. Outside of those, I plan to purchase 5-6 more SFH's in 2016.

Given the above it just seemed that one of these online brokerage relationships might be the best fit.......however I could be wrong here and am willing to look at any and all options.  My only desire is to have a mutually beneficial relationship.

Thanks for the 2 replies thus far....

Yes, I am getting licensed only for my own investment purposes.  I do not have any desire to work with a "traditional" broker who will try to sell me on all their value-adds.  I want the highest payout with zero support.

Any others thoughts or insights are much appreciated!

Hello and thanks in advance for any replies.....just joined the forum today.

I am an investor in Ohio that is looking to take my Ohio real estate licensing classes in January. My LLC currently has 23 properties that I have purchased, rehabbed, then turned into higher end rentals.....I am looking to buy/remodel 6-7 more in 2016.

I realize that I need to have a sponsoring broker and have found one who has a special design for "investor only realtors", however I am looking at these online brokerage firms where you pay transactions fee's deal.  In particular Fathom Realty seems to be a one of the larger players in this space along with Premier Agent Network.

So my question is are their others that I should be looking at?  And secondly, since in Ohio I need a "sponsoring brokerage firm" what does it entail for them to "sponsor" me....I am going to be paying all my fee's for the courses myself.

Thanks again so very much!

Hello All~

Somehow I am just finding this online community....looking forward to learning and sharing in this online forum.

I buy single-family homes, mainly foreclosures, rehab and remodel them and turn them into higher-end rental properties.  Full-time I am a financial-advisor, and my real estate llc currently has 2 full-time employee's and 23 single-family homes.  I am going to start my Ohio real estate classes in january so that I can become more efficient buying and finding deals.

Looking forward to learning and sharing