Hi everyone,I'd like to get my ducks in a row and getting the LLC is one of those ducks. ;-)I'm in CO and have another LLC for my real estate media business, and wonder if there is anything different I should be awar...
Here's a question that likely only the people that keep their own books or the accountant minded will appreciate. Do you lump together your repairs and maintenance costs on your income statement or do you keep them s...
Hi, I was wondering if anybody know which career best prepare me to buy and manage apartment buildings? I whole heartedly believe in jumping in the pool to learn how to swim and greatly value taking action, buy I am s...
Has anyone switched over to SeriesLLC? If so, how has it worked out for you? Is there any case law on SLLC? I'm getting big enough where I will need to start separating assets. I'm in Arkansas and there is no case law...
Hi guys,
Been lurking here for quite awhile and I thought it was time to tap the collective BP wisdom. I'm currently trying to find a method/platform of accounting for my 5 rental units. I've been using Quicken, bu...
I finally took my first action after years of thinking about it. I am hours away from signing a contract to purchase on a three unit house. Two of the units are vacant, but one unit has an existing tenant. I am tol...
Hello everyone, I am currently studying to get my real estate license in North Carolina and will hopefully be licensed in January. I want to start a property management company after I am fully licensed. What is the ...
Curious what everyone does to keep track of all utility accounts and monthly bills for your properties. We have 7 units across 3 properties right now and varying accounts for each one - Gas, Electric, Water, Trash, Se...
A collection of BP links that deal with calling on sellers. Enjoy!
First group is more motivational in nature:
http://www.biggerpockets.com/forums/69/topics/59018-how-did-your-first-calls-go-to-potential-sellers-st...
What is the process and estimated costs associated with transferring a property from my LLC to my name in order to refinance? There is currently no mortgage on the Maryland property. Also, If I decide to keep the prop...