Cody Mitchell
Is accounting software needed?
Howdy all,My wife and I have two rentals that we just finished the BRRRR process on, and I was wondering how many people actually use an accounting software to keep up with things? I planned on using quickbooks, but w...
Camila Nicholson
Business Accounting with Airbnb properties
Now I know it is majorly frowned upon to do your own accounting.... but I have been for maybe 3 months or so in relation to a property I host on Airbnb. My current dilemma is based around opening up a bank account for...
Matthew Cretzman
Texas investor selling ALL her rental properties
A friend of mine who is a realtor contacted a FSBO property and turns out the owner also owns about 40 properties in all and is selling EVERYTHING in her portfolio.Most have tenants. Some do not. Her asking prices flu...
Becca Flim
Business Bank Account vs Personal Bank Account
Hey BP community!
We are in the process of purchasing our first rental property in PA and looking at opening up a separate bank account in order to track our expenses. At this time we are not looking at setting up a...
Chris Yang
Cash out refi lenders in TX
What are the recommendations you'd have for cash-out refinance on a SFR in Austin area? I currently own it free and clear. The market value ~ 300K and I am looking for 70-75% LTV.I moved a little over a year ago from ...
Bijan B.
Leaving 6 Figure Corporate Job For Property Manager
I currently work as a manager at a large accounting firm specifically doing IT auditing, but have been looking into making a switch full time to real estate. My dad has a couple commercial and residential properties ...
Jonathan Roveto
HELOC for quick closing
Hi all, I have probably $90k in equity in my main residence, and I want to start buying and flipping/reselling/renting new properties. I already own 4 other properties as buy/hold, but I'd like to quit my W-2 job and ...
Account Closed
Hit my 2016 "stretch" goal today.
Had goal of acquiring 1 single-family home per year starting this year, with stretch goal of acquiring 2 per year. We just signed the papers on #2 this morning. The first deal has turned out to be pretty good so far...
Sam C.
Defined Benefit Plan and Real Estate Investing
How could a non real estate business owner utilize a defined benefit plan (pension plan) to acquire real estate or deal in HML? Is this pushing the IRS limits?Set up a checking account in the DBP name, disburse the fu...
Cody Barrett
1st seller finance offer. Need some help
If anything we can call this practice : )Property is a side by side all brick duplex, newer windows and roof. 2bed1bath 800 sq ft separate basements and all utilities are in the tenant's name. Desirable area. Value:...