Justin B.
50% Rule Expenses: How long / how much?
FYI. I am new here and don't have any experience with Buy and Hold investing.
I have a question regarding the 50% rule. I understand that this is a general rule of thumb when determining a properties feasibil...
John Fider
How do you organize your portfolio finances?
Does your entire portfolio go into 1 bank account? How do you know how much money is allocated in each property so as to not use up funds you saved up for rental A, to pay for rental B's expenses? How do you keep it a...
Samantha Kincaid
How to set up bank accounts
We are closing on our first duplex any day. Should I create a new checking and savings account strictly for rents/expenses? What are the advantages, as opposed to using our personal account which in this first year wi...
Matt Morales
Asset management for multiple properties
Hey everyone, I have a question about asset management when it comes to multiple properties. Specifically speaking in terms of how to financially manage it. Before I get to my question I want to make clear I am not as...
David Moore
Using YNAB to run a rental business?
Is anyone using the software YNAB (You Need a Budget) to operate their rental business? We currently use Quickbooks, but it lacks the budgeting portion that I am finding more and more critical to mapping out our cashf...
Boone Tyson
BRRRR or Fix and Flip in McAllen
Investment Info:
Single-family residence buy & hold investment in Mcallen.
Purchase price: $82,000
Cash invested: $25,000
Bought to potentially BRRRR or Flip. Can't wait to see the finished produ...
Aaron Farr
Tracking Expenses on Multiple Projects
For those who have 5+ flip projects going on at one time how do you track all of your expenses and stay organized? Is there an app out there that I can quickly scan a receipt into an accounting system and have the ab...
Reece Willcox
How to organize my real estate portfolio?
My business partner and I are in the process of buying our third rental property together. All 3 properties are under an LLC. What is the best way to organize our real estate portfolio? ie how to track income/expenses...
Grace Jones
Virginia CPA Recommendation
Hello BP community! Does anyone have a CPA recommendation for federal and Virginia taxes? We have a small portfolio of six units along with our two W2s. Historically we have completed the taxes ourselves with turbo ta...
Westin Hudnall
Organizational Advice Wanted
Hello Bigger Pockets World :)I need "big picture" organizational help implementing systems for my business.Here's my business back story:Started an LLC with my Wife and I (50%) and 1 other business partner(50%) in Dec...