Jared Baker
Bookkeeping as a Solo Propriater
Hello BP. Not sure if this is the right place for this post or not but seems close.I just bought my first rental property, a triplex. It needs some work, but one of the units is already rented so I'll have that inco...
Lydia Bar
Bank account for rental property
Hi everyone,If you are not putting a rental property in an LLC, would you open a personal or business bank account for the expenses? Does it matter?Also any specific banks that are recommended for this purpose? Would...
Michael Davido
Closing costs higher than expected
After watching several BP Youtube videos and BP Webinars, I have, to date, analyzed (using the BP calculator) about 25 properties. I try to do 1 or 2 per day since I'm still trying to wrap my head around RE investing...
Brittany Sanchez
Setting Up Online Payment
Hello BP Community!I was wondering what Online Service do you use to allow your tenants to pay online or through direct deposit? Any tips that you have to share for a first-time landlord is also very much appreciated ...
Zachary Gwin
Help! Can I flip w/ bad credit?
Hey guys, I need help and I wouldn't trust anyone but me fellow Pocketeers to advise me.I'm 21 and my credit score is laughable and rather embarrassing ( go ahead and laugh at my pain, it's ok ). Mentally I feel ready...
Maggie Rose March
Fix & Flip
What's your biggest challenge in funding a fix and flip? Could private lenders be the solution?
Sarah Lorenz
How carefully do lenders look at rental income?
I have a significant amount of short term rental income on my primary residence this year, which is the only property that I currently own. I will be selling it in 2018 and buying a new primary as well as an investmen...
Frank Fiore Jr
Double entry Accounting and Asset, Liability, Expense, and Equity for Home!
If you can provide insight into any of this I would be grateful, I have read GnuCash help / tutorial, and did some searching online, I have not found the necessary information to understand this. Maybe I ...
Fayez Siddiqui
separate account and credit card for rental business
We should make a separate account for the rental business but is it also recommended to get a separate credit card as well?If so any benefit of a business card over a personal card?If so what kind of payments would yo...
Jonathan Vizcarrondo
Should I contact more then one lender?
This is my first time in the process of buying a property. I contacted a lender (I'm in the process to know how much $); a realtor (investor) gave me the reference. Should I contact more then one lender?