We track flips on the P&L in the following accounts:Flips - Sales Price, Flips - Purchase Price, Flips - Acquisition Costs, Flips - Rehab Costs, Flips - Holding Costs, and Flips - Selling CostsIf the project isn't sold by the end of the year, we book a journal entry to move it from the P&L to the Balance Sheet.

When there's a new property they take the tax assessor percentage of building/land value and use that to obtain the building value based on our acquisition price.

When furnishing my first STR, I leaned towards cheaper goods as I had just spent a ton of money on the acquisition, and learned my lesson quickly.

The Bascom Group, LLC has expanded its presence in California’s Central Valley with the acquisition of Old River Place, a 249-unit build-to-rent multifamily property in Southwest Bakersfield, for $56.6 million.

Had 1) an assignment or 2) an entity acquisition been possible rather than a (fat) double-close, this would now be the end buyer's problem. 

I'm excited to be under contract for my first short-term rental in Pompano Beach, Florida. Can someone tell me what kind of insurance I need to acquire for my Airbnb property? It seems homeowners insurance does not co...

In the interim, the Investor B BRRRR strategist spent 3X as much time managing the acquisition, construction and management of their assets comparted to the Investor A strategist.

The same company that handled the acquisition has an in-house property management team that we are working with.

We financed the Dearborn St project using our standard Partner Driven strategy—covering all the necessary capital for the acquisition and renovation.

The advantage of this LOC is that it offers an integrated checking account/routing acct # so you can treat the loan as a "checking account," and it auto sweeps or calculates interest daily and closes out your position so that means any funds credited to your account can lower your daily interest cost.I have one that is fixed for 5 years interest only but its a commercial LOC that I use for acquisitions and it calculates simple interest which is nice when you want to make early payments or if you'd like to do those pay check parking strategies or rapid debt free strategies.Most lines of credit do not have escrowed tax and insurance so this means you will have to pay it on your own.When I do LOC's on rental's I just have the PM (property management) take over the responsibility of escrowing the property taxes and insurance so I dont have to remember when to pay them.Typically LOC's are full recourse but at a low enough LTV Im sure you can negotiate a non recourse LOC but that'd probably be in the commercial realm at a bank small enough where they'd be willing to negotiate, probably.