Joshua Sun
Advice on how to pay for labor, equpiment and supplies first BRRRR property.
For labor we were thinking of using our business checking account to wire money or even use Venmo through our business account.For things such as furnace, flooring, paint, lighting, etc. we were thinking of using our ...
Alex Ritter
Banking Logistics for a Newbie?
Morning All - This is actually my first discussion post, but I'm assuming this goes out to everyone. Which is actually a fairly terrifying as my grammar never rose to the standards of my English teaching mom, but anyw...
John Clendenon
How to structure a flipping partnership?
Starting to flip with a young go-getter. I put up all the cash and he does all the work. What's the best structure for such a partnership: liability, taxes, avoiding commingling with other deals, expense tracking, etc...
Roman Gwin
collecting rent digitally through "Cozy.com"
I've read a few articles describing the benefit of using a 3rd party like "cozy.com" to collect rents from tenants...one benefit being my routing and account number aren't given to tenants for direct deposit which can...
Justin Morris
Buy our first home/self employment mortage qualification
Hello All, My wife and I are taking the first step in our real estate journey and buying our first home in Tampa FL. We have about 10k saved and will be taking advantage of the FL down payment assistance program and ...
Justin Wilcox
Cheapest Rent Collection Software? (for the tenant)
Sometime ago I had researched rent collection online software and had found one that only charges tenants .50 per transaction. I can't find the notes that I made! The software would take credit cards/bank accounts ect...
Account Closed
Applicant has no job but wants to pay 6 months rents.
I posted my rental online and received this from a interested renter out of state:"Good morning we are family of 3 and we are living in north Carolina and we are going to buy a deli in ny so I willing to pay 6 months ...
Kizzy Robb
Impact to your Credit
Hello BP!
I recently opened an retail account up (Home Depot) to help with some of my projects. I also opened a personal account up as well, close to this HD card. My credit score took a dive of 30 points. 30!!! And...
Pete Storseth
DTI vs Credit score
Credit score 710. DTI high. Income low. Hey guys, here's my question. I'm trying to lower my DTI by paying off one of my loans early and another credit card. But I still have two cards left I cant pay off yet. I will ...
Account Closed
Putting a property in an LLC under another LLC - Fix and Flip
I currently have an LLC set up for a website I was working on. I have credit cards and bank accounts tied to this LLC. The website never took off, but I have maintained the LLC. I would like to repurpose the LLC for r...