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Hi Everyone,I am just getting started and wanted to figure out the best structure to setup my business accounts as well as fund /withdraw from it. The main goal here is to maintain clean trail as well as minimize que...
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Hello BP Members,I am currently at a stand still in my RE Investing. My husband and I have one buy and hold out-of-state. We purchase it all cash and now would like to finance our next investment. I tried to obtain a...
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I have a pair of tenants applying to lease a property that are on social security. They have shown and given copies of letters that show the monthly benefit amounts. They seem real but I am not sure. All benefits a...
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Hi All,
I know this question probably comes up often, but I wanted to ask: if you're using QuickBooks to manage your rental properties, which plan are you using?
Currently, I'm managing 17 units using Google Sheets,...
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Here's the sitch-
I have a traditional 401k from a previous employer that I haven't touched since starting a new job with a new 401k. Instead of rolling it over to my new employer, I was hoping to convert it to a sol...
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Tis the season. End of the year. The season of Bigger Pockets investors posting 10 nearly identical "Looking for a CPA" messages per day.
Disclosure: I am one of those people you are looking for. But this post is not...
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I’m setting up quickbooks and trying to figure out how to record a few things.
-Rent do I set the up as a bill or invoice?
-when the renter does not pay so I have to pay to cover the mortgage payment how do I record...
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Do you pay off the mortgage at a higher rate? Do you put the money into savings for THAT property incase it needs work? Do you put it into its own savings account to use for future investments?
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What is a typical schedule when withdrawing funds from an LLC? Would it be monthly, annualy or does it matter? Secondly, what do you title them in your checkbook?
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Hello BP,This question may only make sense for Detroit landlords...in other markets it will sound idiotic. I have an occupied property I bought in the tax auction. I had initially worked out a deal with the previous o...