In the latter case, I would still use QB to enter info provided by the 3P servicer and to maintain my general ledger for the lending business.

Your job, your savings, sounds like you have a supportive dad, you live in a place you evidently love, you’ve had exposure to the business.

One thing I wish I knew starting out was the true overhead of running a RE business it can be pricey if you don't run your numbers right.

Hey Stephen, I know this was a while ago, but are you still in the business?

Flipping is a production business.

One of our favorite discoveries is that IT'S TRUE, dream opportunities DO land in your lap, the longer you're in business! 

-22 years old-$50,000 pre tax income from business this year-80k in savings-30k in investments-pre approved for $350,000 (had to use parents as co-signers because I started business 2 years ago and didn’t make much first year)Looking to get into first house by house hacking a 4 bed 2 bath renting out 3 rooms.

My name is Rami, and I’m a short-term investor doing business in Texas, with a strong focus on the Dallas market.

Hey all,Just wanted to introduce myself - bought a duplex in Los Feliz over the summer with a few business partners and will be renovating the property while living there.

@Eric E.UBIT only comes into play in an IRA on leveraged real estate and running an active business.