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26 January 2025 | 1 reply
Purchase price: $375,000 Cash invested: $30,000 This was a 2 unit that I purchased in 2016 for $375K.
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8 January 2025 | 5 replies
I do not have a traditional W2 job so I can't pursue the typical conventional loan or a FHA since I don't have income (hence the DSCR route).However, I've seen that most DSCR lenders do not lend if the loan amount is less than $100K.
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28 January 2025 | 10 replies
Also, you didnt mention any financing costs, was this built with cash or do you roll that into your cost of construction?
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23 January 2025 | 10 replies
There are more buyers for SF homes, but Multifamily properties typically cash flow better as you mentioned.
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22 January 2025 | 2 replies
Purchase price: $540,000 Cash invested: $108,000 Sale price: $540,000 My client bought a condo in Lincoln park.
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14 January 2025 | 8 replies
Buildim has a general ledger so you can record credit card transactions the same as in any other bookkeeping software 1- add to chart of accounts a current liability called for example capital one credit card2- when you want to record a credit card transaction go to general ledger create a journal entry, for example if you swiped your card for a maintenance expense in the amount of 1,000 youshould debit maintenance 1,000 and credit your liability account called capital one credit card for 1,000so your liability account balnce is always the same amount as your credit card balance 3- if you pay intrest on your credit card add to charts of accounts an expense account called capital one intrest fees and when you got charged intrest create a journal entry debiting capital one intrest expense account and crediting your liability account 4- to record a payment to your credit card you can record a check from your bank account payable to capital one you should add them as a vendor or you can do a journal entry It simple for anyone with a little bookeeping knowledge and btw thats how its also done in quickbooks or anywhere else And thats the correct way doing it although there are a few other workaround ways for exemple creating a contra asset or as paying a vendor So i dont know why you blame buildium it would be the same with any other software
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27 January 2025 | 29 replies
So should others dupped into believing they can do cash deals.
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19 January 2025 | 269 replies
I only have good words about it, and cash flow is always over 100€/month per property.
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28 January 2025 | 6 replies
I ran some of your numbers, assumed rent of $1,290/unit and that you pay cash for the rehab costs.
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30 January 2025 | 11 replies
Where you pick will depend on your goals for cash flow and your budget to buy.