Amanda Davi
Bookkeeping Systems and Processes
Hi guys! Wondering what software/systems you guys use to track income and overall financial health on your portfolios. All of our different properties are in LLC's with the income & expenses attached to a bank acc...
Waylen Herdman
Appraiser vs PM as a career?
I've been a long-time lurker on BiggerPockets but now I finally have a question worth posting. As a 22 year old I'm tired of having manual labor jobs and am looking for something that I can call a career. It's frustra...
James Barnhart
How do you manage receipts for rentals and miles? (only 3 homes)
We are selling some properties, but will keep 3 nearby rental homes. I am wondering how you manage the rental expense receipts and keep track of business mileage.I record the expenses and income on a spread sheet I m...
Trey Watson
Houston's Most Active Subdivisions- Spreadsheet
Hello everyone. I posted in the forum a little over a week ago asking what people thought the best subdivisions in Houston are for investors. Mostly in an effort to drum up conversation. I didn't get any responses to ...
Andy Fernandez
How to calculate an ARV for a 4 units or less income property
Good morning BP I have a big question:
I am looking for the correct formula to calculate the ARV on a fourplex. I understand the ARV of an income property is calculate as ARV= NOI/ CAP rate. If you need to do this c...
Harry Campbell
Can you change your depreciation value?
Someone asked me a question on my site about changing depreciation for past years. I did some research but could not find a solid answer.
Let's say you buy a property for 200k and use 100k for bldg and 100k ...
Mario F.
Setting up bank accounts for budgeting
Hello, I've recently read the Millionaire Real estate Investor and loved the budgeting ideas that were suggested in the book. So I went to the bank today to create three new savings accounts for donations, vacation, ...
Sherman Dunn
Issues with funding through bank dude to DTI?
The bank is giving me a difficult time with financing due to my DTI, which isn’t bad, but it seems very high because my job doesn’t include a breakdown of overtime on my W-2. Has anyone else had this issue? What do yo...
Rick T.
Need Management Software- Special Criteria
We need a new property management software and need suggestions please. With managing 300 apartments with Buildium, at $300 a month, is too expensive for just keeping track of the income side and running a couple rep...
Duane Alexander
Best way to direct market to a small leads list? Waste of time?
So I created a listed of potential sellers using prop stream. Here is the list:Owner Occupied:No Occupancy | Status:Vacant | Property Classification(s): Residential | Property Type(s):Single Family | Building Size (Sq...