Ashley Guerra
Central Jersey investors
21 January 2025 | 10 replies
If your not ready to spend money on a software you can use tax records.
Britt Griscom
Cost Segregation
21 January 2025 | 3 replies
If you do end up segregating, keep good records to prevent having to recapture the depreciation of the reclassified assets.
Vikas Jain
STRSearch Has anyone used them or have feedback? Any other competitors?
22 January 2025 | 5 replies
I agree that you can use a Realtor with a proven track record.
David Robertson
Young Entrepreneur Starting a Real Estate Company – Seeking Advice on Raising Capital
17 January 2025 | 4 replies
So investors want someone with a long track record of reliable and risk adjusted returns.
Natalie Gelbke-Mattis
Ready to scale our hospitality portfolio
21 January 2025 | 2 replies
Consider connecting with local REI meetups, hospitality groups, or even online forums like this one to find like-minded investors.You could also pitch your successful track record to potential equity partners.
Martin Jones
Raising Capital When First Starting Out
16 January 2025 | 4 replies
When you have a proven track record of performance, then you can play with other people's money.
Matthew Brown
Syndication: Fairway America Vivo Rancho Cordova - Review
20 January 2025 | 6 replies
None were a match for me personally and many were not a strategy I wanted or too speculative (such as opportunistic strategy which is the riskiest strategy or investing in tertiary markets which also tend to be the first to go belly up when there is trouble etc).You probably actually want to look at your operating agreement to see what rights you have to books and records, etc.
Brice Alef-Torrisi
Managing finances between multiple properties
14 January 2025 | 7 replies
@Brice Alef-Torrisi To manage finances for multiple properties, maintain separate bank accounts for each property if held under different LLCs to avoid commingling, which could jeopardize liability protection and complicate tax deductions.If properties are under one LLC, using a single account is fine but requires detailed record-keeping for each property.
Ryan Vienneau
Buildium users - how do you handle credit card tracking???
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
Derek Farmer
Fix and Flip plan
10 January 2025 | 18 replies
Long term goals in mind that I need a track record and capital for!