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Greetings BP Family I am seeking advice on establishing an efficient process for keeping tabs on accounting. Our business is anticipating doing about 3-4 flips this year, so we are not expecting overly complex books. ...
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Do you guys like QuickBooks for tracking your rental and flip deals? If not QuickBooks, what do you prefer?
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Where should I go open a business account for real estate properties? Big banks , local banks etc? Any recommendations? Thank you BPBesnik
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Hey all,
I've seen some posts in here about bank accounts that allow series-LLC sub-accounts, and it seems it works perfectly for investors with rentals.
But I wanted to get your thoughts on accounts that work bette...
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What are your thoughts on the best banks for rental business accounts?
For personal I have a big national behemoth but am thinking of a couple different options:
1. The same big behemoth for ease of use and consolid...
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Good morning from the east coast!I just opened up my LLC ahead of my first deal closing in a few weeks (very excited). Wanted to see if anyone had recommendations on great experiences you’ve had with banks or credit u...
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Good afternoon,
I am fairly new to real estate and once I acquire my first house hack in the next 8 months, I want to treat it like a business from the begging with systems in place.
My question is how you have you...
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I have a Business account with bank of America. I recently closed on a small investment property in KY. I wanted to keep all my income and expensive for this property in this 1 account. Since the account and the pr...
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So what is the correct terminology when opening a business checking account when asked what I do? When I answered "Real Estate Investments", it raised a red flag, and it goes to the Legal Dept. for review. I never h...
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Hello BP community.....I'm looking for guidance and recommendation for best practice in how to account for property equity and principle payments. Currently for tax purposes, I track all mortgage interest etc, however...