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15 January 2025 | 9 replies
(because they're bona fide by being tied to the reviewers BP account).
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13 January 2025 | 19 replies
Now you repeat that process until it's paid off.Disadvantages:It took a while for me to set up.Bank account is always low, lol.People can spend a lot with that amount of credit.People think I'm weird when I tell them DId you analyze what would happen if you moved all of that money you were using to pay off a heloc, not get a heloc and put that money in a treasury or other type of account that got you 6% interest or invest in an ETF or something lower risk?
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16 January 2025 | 7 replies
Fortunately/unfortunately I don’t have any Facebook or other social media accounts.
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22 January 2025 | 10 replies
To be clear, I am not an accountant.
13 January 2025 | 41 replies
I wonder why he cancelled his account?
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18 January 2025 | 12 replies
@Mike Terry sounds like a pretty good argument to go after the property, I think your question is more along how to value it, and account for the deferred maintenance.
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30 January 2025 | 24 replies
Thank Account Closed!
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19 January 2025 | 61 replies
This means more cash in your account each month than if you pay a mortgage.
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21 January 2025 | 14 replies
We don't pay vendors by credit card or cashapp because it is far too hard to keep the accounting straight with a high volume of transactions to do that.
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15 January 2025 | 8 replies
Coghill they are trying to take care of several things:1) Approval to access credit reportsA video tour of my home office (required by the credit repository to show security, so access to office & computers is limited to avoid data theft)Credit checks on me and my partner (required by the credit repository to make sure you are not criminals looking to steal others' data)Copies of the deeds for every property we own (required by the credit repository to confirm you aren't just self-serving)A copy of my partner’s home lease and utility bills (required by the credit repository to prove his legal address, so they can pursue him criminally if he steals data)Business phone bills (required by the credit repository to prove an actual business)2) Approval to use banking ACH system to accept tenant payments and pay ownersBusiness phone bills (required by banking industry to prove business legitimacy)A signed letter from the bank verifying our accounts (to prove legitimate business banking accounts.