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14 January 2025 | 9 replies
This is the “over night” success that’s taken 20 years.2 - Superior uncommon knowledge, combined with experience and capital and a willingness to take a risk (speculate).
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5 January 2025 | 8 replies
Very responsive and great market knowledge!
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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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3 February 2025 | 56 replies
If these continual expenses are not made you end up with slum properties renting for a minimum weekly rate to transients.I don’t know your properties so I can’t form a specific opinion; however, based on the information you’ve shared I trust your opinion and knowledge.
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27 December 2024 | 1 reply
Hello my name is Antonio arnao. I am currently studying to get my real estate license in the state of PA and plan on buying my first investment property in the next couple months. I want to buy a 1 to 4 unit multifami...
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17 January 2025 | 12 replies
You are always helpful with your advice and knowledge here on BP.
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10 January 2025 | 3 replies
You did things outside of the normal without proper knowledge.
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9 January 2025 | 5 replies
Local market knowledge is absolutely critical, and it helps to work with someone who really understands the landscape and its nuances.As others have mentioned, it’s a broad question that’s tough to answer succinctly, but I hope this provides some clarity!
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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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12 January 2025 | 11 replies
I just want to thank everyone for taking the time to share your knowledge with me.