Rene Hosman
I can easily and consistently track my rental property cash flow each month.
I’m always looking for ways to measure and track my money, my progress, and my success. Until recently, I’ve been doing so on a series of notes and spreadsheets and it’s been a super manual process with a lot of room ...
Mike Bereck
To form a company or not?
Hi everyone,
I’m currently looking to get into investing in real estate and I was wondering, should I form a simple solo proprietorship company to keep income from rentals and expenses separate? I know the profit or ...
Austin Jones
Accountant / Accounting Platform for Small Investor
Hey BP, I'm looking to expand but am being overwhelmed by the amount of work required to keep it all organized. I had one accountant give a quote that was quite high for a small number of properties, and Quickbooks e...
Andrew Zannotti
Structuring LLCs and Bank Accounts with a partner
Hello everyone!
I am currently partnering with someone to BRRRR properties in Texas and Oklahoma. We set up an LLC in each state as we are using HM for the initial acquisition and we are currently opening bank accoun...
Stephen Artzerounian
LLC Structure Questions
Hi all,So I am starting an LLC with two partners for rental property purposes and feel like I am over thinking the structure.We will be investing in Connecticut and Pennsylvania my first thought is to use the parent-s...
Glenn English
Flipped a house, now what do I do with all my receipts??
I am about to close on my first flip. Yay! I am a newbie at this, and have recorded all of my expenses in a spreadsheet and I have receipts, bills, invoices, etc in a pile and now I'm wondering what the heck to do ...
Greg Farmer
Corporate Rental Management - What to Ask?
Hey BP! I am currently self-managing 2 of my rentals as Corporate Housing (1+ month rentals). Located in Dallas TX, they are fully furnished with linens and all. I use Airbnb (one month min. booking), Furnished Finder...
Mauricio Lopez
Short term lease to a Temporary Housing Agency.
Team, I am currently preparing one of my rental, and in the process I am already receiving rental applications. One of the applications came from an organization that helps families find temporary housing due to damag...
Dave Hart
BP referral for Tax services - beware
Fair warning BP friends. I leveraged the BP site to get referrals on tax services now that my portfolio is growing (4 properties). I was connected to 1800 Accountant (they said they were a partner of BP). Sounds like ...
Account Closed
How does money laundering work in a real estate investment firm?
I AM NOT ASKING FOR ADVICE ON HOW TO DO ANYTHING ILLEGAL! Lol.I used to know someone whose dad owned a real estate investment firm that had 5.5 billion of assets.They told me that there is a lot of money laundering th...