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16 August 2024 | 10 replies
Don't be alarmed by the old schoo, suspicious-looking site, it's completely legit and full of amazing tips on getting started with flipping.
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15 August 2024 | 13 replies
Any additional tips or corrections would be greatly appreciated.Example:If the PM sends an owner statement showing:Gross Rent Collected: $3,000Property Management Fee: $300Miscellaneous Expenses: $200Net Rent (Amount Deposited): $2,500In QBO, I would:Record an income entry of $2,500 for net rent.Separately, record any additional expenses paid directly, such as:Mortgage: $1,200Insurance: $100Property Taxes: $150Summary:Property Accounting: Handled by the PM company and detailed in the monthly owner statements.Corporate Accounting: Recorded in QBO, focusing on net rent income (after PM deductions) and any additional expenses incurred.Please let me know if this approach is correct and if you have any suggestions or adjustments to ensure compliance and accuracy in my accounting processes.Thanks for your guidance!
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15 August 2024 | 8 replies
Keep things tidy, keep track of your work, and ask for tips from guides and other people in the field.
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15 August 2024 | 5 replies
I’d also appreciate any general advice or tips anyone has to offer.
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14 August 2024 | 0 replies
Specifically, I’m interested in discussing:-Trends and opportunities in the San Antonio and Austin real estate markets-Tips for successful cosmetic renovations and cost-saving strategies-Potential partnerships or joint ventures on upcoming projectsFeel free to share your experiences, insights, or even just say hello!
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15 August 2024 | 26 replies
I'm in here searching for software tips.
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14 August 2024 | 1 reply
I'm looking for deal structure, pros and cons, tips, etc.My goal is to buy some of these new small affordable starter homes at a price that will cash flow, after foregoing my half of the equity split.
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12 August 2024 | 30 replies
Milwaukee is very often misunderstood; what looks great online and on paper (super low price, high cash flow) is usually fools gold in the form of a 100 year old hours that needs everything new, the poorest neighborhood, and high maintenance tenants.
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14 August 2024 | 6 replies
Any tips from those who have experienced the same anxiety?
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14 August 2024 | 6 replies
I'd also love any tips on going into this endeavor.