The only financial data our VA adds to Stessa is collected rent, mortgage balances, market value and any capital expenditures. 

I aim to connect with fellow investors and agents to impart my insights and continue learning from the collective wisdom here.I am looking forward to engaging in conversations and gaining more knowledge.ThanksAhmed

Now, let's assume the GP has two partners and each has $100k in the deal, collectively $200k.  

If you have more than one LLC, each LLC should have its own set of accounts.Checking: Collect all income here, then use it to pay bills, the mortgage, or maintenance.

@Varun Hegde the guys who answered you will know MUCh better than me but I am lost and wouldn't touch this (I am not a note buyer) If I understand you are essentially getting an assignment of the rights to collect the payments, like buyiing a note.

If things go bad and they end up owing you money, are you able collect if you have a judgement? 

Alternatively, you could suggest an owner financing transaction where they become the bank on the property and this way they get to collect a monthly payment all while getting a chunk of cash up front (your down payment). 

The fraudsters use a portion of the money they collect from investors to pay the sellers their commissions.

Hi,  Does anyone have experience either using Bilt Credit card to pay rent or collect rent?

I am reaching out to this amazing community to tap into your collective wisdom and experiences.Has anyone here ever donated real estate for tax benefits?