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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
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10 January 2025 | 6 replies
I have never been shy of facing challenges and I truly believe knowledge is power (something my grandfather taught me at a young age)I really want to learn everything there is to learn about realestate and am driven and hungry.Thanks in advance for any suggestions or recommendations.
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6 January 2025 | 7 replies
Quote from @Noel Coleman: I walked a property today for a flip with a contractor who I really liked and he seemed like he is really knowledgeable.
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20 January 2025 | 22 replies
Always research local regulations before investing.The Importance of a Local Investment TeamA knowledgeable local team is essential for success.
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5 February 2025 | 38 replies
The company lists single family homes in certain targeted markets and, through their “knowledgeable investment counselors,” put sellers (the owners of the various properties) and buyers (who they educate, prepare and counsel) together and in the process Norada Real Estate Investment receives a marketing fee.
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5 January 2025 | 7 replies
Any knowledge or expertise in this area is greatly appreciated!!
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15 January 2025 | 34 replies
I'm just hoping someone with actual knowledge of it can provide some information that offers an alternate explanation.
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8 January 2025 | 9 replies
We should meet up sometime and knowledge share.
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6 January 2025 | 5 replies
Best of luck with selecting your market—there's a wealth of knowledge and supportive investors here to help guide you along the way.
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15 January 2025 | 14 replies
You will also likely be paying more than more experienced investors as you build your team and knowledge.