We use QuickBooks Online exclusively for all of our REI Clients for their master accounting solution.

Sometimes the commission checks can be low (i have a client purchasing a 50k property tomorrow at 2%) but helping someone buy their first investment property has been fun.

Here’s how the contract and assignment process typically works in wholesaling:Contract with Seller:You start by negotiating and signing a purchase agreement (contract) with the seller of the mobile home.

I think if you set up a brokerage account with the same bank that your business checking account for the LLC is at, you can simply move the money from the checking account into the brokerage account and then purchase something. like USFR, which pays 5.4% in T bills with zero risk of loss or BKN which pays 5.7% in tax free Municipal bonds if able to tolerate some risk (this gives me a >9% tax effective rate on my cash).

I'm a real estate broker I work with my clients on their needs and what is best for them.

Person purchased a neglected facility using hard money.

In other words, you rollover traditional IRA funds into your solo 401K (which is allowed) and then use debt to help purchase a property.

If they wanted to dig into it and see the actual documents it would be costly, since the document is private and protected by attorney-client privilege.Asset protection is a bottomless rabbit hole.

I am planning either a 3-story 27 unit apartment building OR if I can purchase the combined 0.8ac parcels on each side of me, construct a gated condo community with end to end road access.

I'm looking to invest in self-storage in the smaller cities and towns surrounding the Twin Cities area and am debating between two options: buying land and building a new facility or purchasing an existing one.