Last November, when I hired my first employee I was too lax. I would let him update our KPI's without verifying them. I didn't track his stats everyday. I would wait until the weekend to look at the numbers. We would ...
Hello, I am trying to break into the real estate rental business however funding is my road block right now. I have a plan to buy cheaper housing around Cleveland, OH and doing modest rehabs. I want to provide afford...
Hello, Just curious for those of you who have driven for dollars to generate possible leads how do you go about tracking what streets, neighborhoods, etc you have been on? Do you use GPS based applications or go old s...
If a few of you don't mind sharing, How do you (or your CPA) prefer to setup Quickbooks for rehabs.
Do you use class tracking?
Use a new company for each account?
How do you setup your chart of accounts?
Etc, etc.
...
Hello BP family. I'm wondering if anyone can give a little help where needed. I have a an opportunity to purchase a 18 unit complex out of state. Seller is a family member and looking for an easy transaction. Willing ...
I am building strategy documents to pitch to potential partners/investors and I need help verifying my strategy details.My biggest concern is that I'm underestimating costs.Here Are The Strategy DetailsPlease and than...
I'm analyzing a 60 unit building in Tampa and the financials look solid. 42% expenses, 8% cap rate, 14% cash on cash. Problem is I need a money partner but feel like anyone with $400k+ to put into this deal has the ab...
There’s two books I live by when running my business. 1 is “E myths” and the other is “4 disciplines of execution “ aka 4DX. Emyths talks about building systems so you are working on your business and not in your busi...
Newbie question,
Looking for some advice on getting my deals funded by high income, under invested individuals like doctors and lawyers.
Does anyone have any advice? Is anyone currently doing this for flips?
Tha...
I just had the privilege of going through my first tax audit and fortunately came out with a no change. However, I wanted to take a second to remind any investors who are still gainfully employed, and self manage thei...