Andrew Taylor
Need Some Help Setting Up Accounting System
I need some help setting up an accounting system to manage a small flipping operation. I've been in construction for two decades, and I'm used to job costing software, but I'm having a hard time finding something that...
Harry Nima Zegarra
Banks accounts for Series LLC (series A, B, etc) in Dallas
Hello guys,New in Real Estate, started last year and opened a series LLC. Initially (as I am still learning about this) bought the property, got the Tax ID and opened the Bank account under the "mother LLC"... now I a...
Caleb Clay
How do people manage their bank accounts, spreadsheets etc.
I currently have 2 properties and plan to refinance both of them soon. I am a "B type" person and struggle with organization skills. I have one main checking account for my LLC to help separate it from my personal ban...
Paul Gilo
Need guidance on how to fund a business and handle income.
Hey everyone. First post... :)So I have a question about how to properly handle the bookkeeping and finances in a business. I have a few ppl that are interested in borrowing money from me for real estate purposes, but...
Wyatt Short
What is the best way to finance a rehab. Roll it into mortgage?
I’m new to this so I’m going t on be buying my first rental with an FHA. Living in it while rehab and then renting it out when finished with rehab. What is the questions I need to ask my bank in order to get the finan...
Anthony West
BRRRR Strategy - A couple questions
Hello,I was recently told about bigger pockets and it is great so far. I have been investing in real estate for the last 10 years but have just heard about the BRRRR strategy.It sounds intriguing. I have the cash and ...
Danielle Scott
Roommate Rent -how to claim that income?
I have posted about this issue before and got some assistance on the matter but ran into another snag. A brief synopsisParents and I purchased a house together in 2011 and put into an LLC which we were supposed to be ...
Maron Faulkner
Prequalified for 250K mortgage, but...
I got pre-qualified for an investment property (SFH) in Idaho for 250K, but now I can only get a HELOC on my primary residence for 48K, which isn't enough to fund the down payment. The original HELOC was for 100K, whi...
Aaron Currier
CapEx Savings Account?
I currently own 2 positive cash flowing duplexes and intend to grow my portfolio over the next 20 years or so. While analyzing a property for purchase, I allocate %5 of gross rents for capital expenditures. On my most...
Michael Morin
Using a HELOC to buy rentals
Hey guys! I was wondering the pros and cons of using a HELOC to buy rentals. Personal experiences and how the terms were with your bank for the HELOC. I feel like its a good strategy and I'll most likely use a HELOC o...