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15 January 2025 | 10 replies
Be careful following the advice of strangers on the information superhighway.My apologies, you are correct on Familial status meaning pregnancy/children, I was indeed thinking more of marital status.
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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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7 January 2025 | 7 replies
If my crystal ball is correct, we are going to see a lot of these sub2 deals hit the fan in the next 36 months.
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6 January 2025 | 3 replies
My questions are what books or other resources would you recommend to someone just getting started and also what is the best path to get started on in real estate for someone in my position?
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7 January 2025 | 5 replies
HML lenders want to see a clear path to profit, so ensure your ARV and rehab estimates are solid.For next steps, definitely prioritize a detailed inspection to confirm HVAC and interior needs.
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22 January 2025 | 56 replies
This is fun if you’re tracking correctly.
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6 January 2025 | 28 replies
That path does not end up in a good place.
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5 January 2025 | 5 replies
However, you want to be in the path of growth because appreciation will make you wealthy.
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23 January 2025 | 23 replies
CORRECTION from above statement(s): Many Lenders will NOT require you to be a Personal Guarantor of a loan your partner gets.
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12 January 2025 | 8 replies
And, @Steve Vaughan is correct; use a Quitclaim.Next is to check with the Title Company regarding the Title insurance.