Is it a requirement to pay off all collection accounts or charge offs from years ago to get approved for a mortgage. I have 1 collection account, which shows as a collection account. I then I 3 accounts that show char...
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I have 2 rental properties. When using quickbooks do you normally set up separate accounts for each rental property, or use one file and have accounts for each (Such as insurance, the sub-accounts for each property?Th...
My dad and I are buying a duplex together but it was a cash only deal. So he put up all the cash to purchase the home on the idea that I buy it from him with an investment mortgage loan. We’ve run into a problem the...
Hello all, I am looking for two financing options. First is a cash-out refinance of a rental duplex I just purchased for cash. The plan is to do a moderate rehab and then get a 30-year mortgage. Most banks seem to wan...
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Hello, I hope this message finds you well. I am reaching out to you because I am in need of assistance with setting up my QuickBooks system for buying and managing properties in GA.
As you may know, managing properti...
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Would I be able to use a business credit card for a down payment on a hard money loan?
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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 ...
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Hi guys, looking at several MF properties and in a pickle. Business is bringing in 40-60k profit a month and looking to invest but lack credit history for conventional commercial lending.Paid for college out of pocket...
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Anyone complete any commercial refinance deals lately?
I have a 6 unit office building that I purchased in October 2019. It was rehabbed and fully leased by May 2020. Of course by this time Covid was here so my refin...
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My LLC "formation date" is September 29th. Today is 3 weeks later and nothing's done yet! Today is October 19th, and1.) my attorney still has NOT finished drafting "Operating Agreement."2.) I still have no LLC bank ac...