I am trying to do a better job of keeping my personal finances and my business finances separate. What is the best way to do this? I know I should have two different bank accounts. Currently I bank at the local credit...
Hey guys, I've done lots of foundational work. I've found my market area, a couple agents, I'm analyzing deals and finding contractors.It almost seems like I should get funding in place before I make an offer. True? S...
Hello everyone. Im a young real estate investor with the idea of developing a condiminium complex here in the Indianapolis area. Now two days ago i went and spoke to a banker about mainly a home loan but, i did happen...
If I am renting a property of mine just under my personal name do I need to set up a separate bank account and pay the property loan, taxes, insurance etc out of that separate account? Or can i just pay everything out...
Hello Bigger Pockets!
I just closed on my first rental property and need to begin tracking expenses. I only have the one duplex at the moment so it should be fairly simple at this point. Any tips on an easy to us...
I'm just curious what others do to track their rental / business expenses, like their SOP. I'm tying to develop a best practice.
For instance, this is what I do:
1. Create a google business email / drive and create ...
I currently have two long-term rentals and a midterm rental. The midterm rental is being renovated at the moment. I am in search of an efficient system to track my rental properties regarding income and expenses to m...
I moved to Chicago with just a backpack an $100 to my name and no credit. I'm working extremely hard to get on my feet, and now I'm ready to advance.
I'm now seeking to buy a multi family unit 5+ unit or commercial p...
Hello everyone! This is my first post to the community :) My mom and I have purchased our first rental property in North Myrtle Beach, SC. From the start, I want to ensure we are correctly setup legally and financiall...
Hello Everyone, I'm looking for some advice on how to get started with real estate investing using the BRRRR method with $50,000 to start, particularly in Birmingham, AL. Here's my situation:- Experience Level: I’m a ...