This is where appreciation will make sense.  10 C/C+ houses bought in 2023 vs 2013 will yield significantly lower cash flow.

This process also requires you to select what property the receipt is for, what bank or CC you used and what account it should charge this expense to.

However, if they rack up $50K in credit card charges and have a house full of electronics, that stuff simply belongs to the family and the CC company has to write off the debt as uncollectable.

Buyer was fine with zero cc.

Please let me know: ARV - $120k PP - $42.5k (also includes DP, CC, Insp., LF, RE Comm., and Appr.)

CC debt is usually one of the biggest score killers and the easiest to take care of.

Being CC Debt free and saving $1k/mo will definitely put you in the right place to make moves.I HIGHLY suggest you get a book called "What Every Real Estate Investor Needs to Know About Cash Flow...

The condo is in Houston where CC average 4% of purchase price.Honestly, I think all in the CC will be about $500$252 title feesAnother $250 or so in city stamp taxes and document fees.I think I'm around 8% with those figures.

Wow, this IS clever yet simple.I've heard of gadgets being put on card swipes at gas stations that capture your CC info but this is too simple if the thief is willing to hang around and play "good samaritan".Wonder why they call it the "Lebanese" loop?

Don't let tenants pay rent with a credit card unless you're adding the CC fee to the rent, and you shouldn't do it anyway because they can always dispute the charge.