All Forum Posts by: Account Closed

I just purchased my first rental. My goal is to purchase 20 over the next three years. What is the best way to keep track of income/expenses? Is there a bookkeeping program that is simple and accurate or should I find a bookkeeping service to handle this for me?

@Justin VanDervort I’m new to investments. I don’t want to make a mistake. These are the reasons I’m nervous. I have decided not to go through with this particular deal. Thanks for your comment:)

@Justin R. Thanks for the advice. I’ve decided against it.

@Kelley Roark I haven’t considered being a hard money lender. I’d like to know more about that.

@Jacob Sampson There are so many investors here in Mobile. It’s been very difficult to find deals lately. I usually have around 10-12% return on my flips but they’re such a headache honestly. I’m interested in passive income...

@Greg Carrier That’s horrible!! So sorry that happened to you!

I’m going to stay away from this.... I’ll stick with what I know....

@Michael Ealy You’re right. I’m moving on...

@Michael Semmel I do know who he is... I like...

Good luck with your endeavors!

@Scott Runyan the 8% is not in one year. That was my main question for him. I’ve been in contact with him today. It’s going to take several years to get the 8% back. I’ll only have 10% owner ship in the complex.

I’m not going to do this.

@Michael Ealy Good advice! Thank you!