Bill Jessa
Transferring rental property from LLC TO Personal name
My brother and I own several units in a LLC. It is a two member LLC....One of the unit owned by the LLC, my brother wanted to take over personally for his personal use. We would transfer the unit through a quit claim ...
Brian G.
Banking Structure: How many Operating Accounts?
How many operating accounts do you have for your business? I use STESSA as a DIY book keeping solution. If I use a separate account for each property (Vacation Rentals; no entities) STESSA will automatically assign al...
Gerald L.
Legally suppose to disclose relationship in CA?
1. Are you [i]legally required by the Department of Real estate to disclose your relationship with the all parties of the transaction. I know that the California Association of realtors has a form but is this form req...
Oscar Cortez
I have not been giving out rental receipts. What should I do now?
Hi all. I started midterm renting rooms in January on Furnished Finder. Up until recently did I discover that I needed to be giving out rental receipts as a business would. I currently have 2 tenants that are coming i...
John Horner
What kinds of real estate companies are sellable?
We're working a lot on planning and looking into the future of our business. We own 120 units that we manage in house here in the Columbus, Oh area. I know our properties have value, but does our BUSINESS have value...
Account Closed
Steps to get a wholesale property under contract
Hi everyone! I just joined BP earlier today, and I'm new to REI. I've been reading posts on here all day and it seems to be a great resource! I wanted to get my feet wet by starting with wholesaling. However, I'm ...
Account Closed
Need Quickbooks Help
Hello BP World.I currently have a Bachelors degree and a MBA so I understand basic accounting ( although sometimes I have to google a few things as I am a little rusty lol) but I need some help on Quickbooks.At this p...
Michael Norris
How to get paid putting together a transaction
A bank called me with a REO assisted living facility they had taken back. The bank wanted to get it off their books, I knew someone interested in assisted living facilities. I am in the process of putting the transact...
Amit Sharan
Property management for rentals - no accounting system needed?
Hi BP,I've just bought a couple of multi-family properties and am getting started with the buy and hold real estate investing. I did my math and have decided to use a professional property management company to deal w...
Abraham Gros
MOTIVATED SELLER
What is the best way to find motivated sellers, without spending any money?
allso what about finding sellers by putting an ad in the paper we buy houses for cash?
please let me know