Joe M.
How do you "pay yourself?"
What do you guys and gals do with your cash flow?How much do you have in reserves before you pay yourself? Do you have a formula? Do you pay off quicker?Just curious how others use their money.
Michael King
Rent Manager and Quickbooks Pro
Hey everyone. I am a DIY landlord with 7 residential properties. Planning to expand but need to get my books in order first. I'd like to know what experiences people have had with Rent Manager standalone and Quickbook...
Josh Wallin
Dedicated REI bank account
Can anyone offer advice on how/where to set up a dedicated REI bank account(s)? Should I ask about high yield savings accounts or just keep all REI cash flow in a separate checking account? Does each property need its...
Scott Esmail
Buying or leasing a vehicle
Does anyone know for tax reasons only is it better finance or lease a vehicle? I once heard leases are 100% write off can anyone confirm this, or is there any benefits to financing?Also does it matter what kind of veh...
Adam Roderick
Projected vs. Actual
Many of the listings I see show many actual vs. projected values, such as "actual net income" and "projected net income."
What is the difference in these? How accurate would a projected number be--seems like ...
Camila Nicholson
Business Accounting with Airbnb properties
Now I know it is majorly frowned upon to do your own accounting.... but I have been for maybe 3 months or so in relation to a property I host on Airbnb. My current dilemma is based around opening up a bank account for...
Osazee J Osagie
Direct deposit of rent from Social Security?
Hello BP folks! I'm in the process of renting out a single family home. I vaguely remember someone mentioned a way to have rent directly deposited in my account from any renters who are receiving social security. In o...
John Thedford
First National Realty Partners: Any Experience Or Knowledge
I found this company on FB. They are offering a part ownership in two large grocery store anchored strips in the NE. They are claiming a projected first year cash return of 8% with an IRR of 16%. The project is 36.5M ...
Anthony Lee
HELOC & Seasoning Requirements
After talking to 3 different big banks who said "No due to seasoning requirements," I finally got my credit union to refinance with no cash out on the home my parents deeded over to me 3 weeks ago. The refinance close...
Dan Demers
Google Adwords
This may be a marketing topic, but here goes... Is anyone familiar with using Google adwords to get publicity to a website? I'm considering whether it would be worth having a website to attract customers for entry onl...