Willie J Baxter
Creative financing tips?
9 January 2025 | 3 replies
Jumping into REI with no capital is not worth the risk.
Andrew Lawlor
STR to Custom Home Builds
14 January 2025 | 12 replies
I'm now considering expanding my real estate ventures into building custom homes, but I know this is an entirely different beast between the required capital, learning curve, time committment, etc.
Bruce Bennett
How to spot scams or is there a site that evaluates DSCR lenders
14 January 2025 | 4 replies
Local references are invaluable because those lenders have proven themselves in your market.Work with Reputable Companies: Some well-known DSCR lenders with a solid reputation include Lima One Capital, LendingOne, Kiavi, RCN Capital, Visio Lending, and Easy Street Capital.
Harinando Andrianarimanana
New Investor in Kirkland, WA - Starting with Live-in Flips, Aiming for Long-Term Rent
12 January 2025 | 1 reply
It’s great to see someone diving into the live-and-flip strategy, especially here in the Seattle metro area where appreciation potential can make it a smart play for building equity.Your strategy is solid, and focusing on hands-on experience through live-and-flip projects is a fantastic way to learn the ropes while building capital.
Andrew Slezak
Opportunity zone investing
15 January 2025 | 1 reply
@Andrew Slezak Opportunity Zone (OZ) investing allows you to defer capital gains taxes (e.g., from crypto) by reinvesting the gains into a Qualified Opportunity Fund (QOF) within 180 days.
Arun Philip
2025: How to tap into OPM
5 January 2025 | 5 replies
I don't have much cash to put down for a property and don't have anyone to rely on to borrow capital.
Diandre Pierce
Mobile home park opportunity
12 January 2025 | 7 replies
I just need help on finding a path to get my hands on the capital I highly recommend going and taking @Frank Rolfe's MHP bootcamp but also talk to local banks
Jeremy Dugan
Apsiring RE Investor // Western, MA & Northern, CT
7 January 2025 | 5 replies
In previous roles, I was responsible for the asset management, capital improvement, repair, and maintenance of an ANG Fighter Base worth over $400M.
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