Hello!
We presently have been self funding our properties either through the equity we build or saved cash.
We are continuing to scale up with each transaction (Started with 2 units building, then 3, then 4)
In our...
I am considering purchasing a property through a loan from friends/family. Are there any non-obvious downsides to this kind of loan? Is there a set legal range for the interest rate? Any knowledge/resources on this wo...
Good Morning BP,As Tax Season approaches, and this being my first full year of real estate investing, I realize that the one task that I personally am absolutely am horrible at and hate doing is bookkeeping. I have t...
I always used "Make Deposits" or "Create Invoices" to receive rent in QuickBooks, and it was all good. Now, for the reason I don't understand, when I create a report called "Transaction Detail by Account," (which is o...
Okay so I understand what wholesaling is, but how do I actually do it once I have found a good deal? What is the step-by-step process to actually complete a wholesale deal and get paid? I have listened to podcasts, re...
I want to get in Transactional Funding Business. Please let me know how to start this business. I have tried to find some books on the internet. No luck.
Thanks,
My daughter wants to rent a condo that's available for daily rentals, like a vacation rental or hotel. It's listed on Trip Advisor. The owner asked the deposit (50%) be mailed to reserve the unit, but had no paperwo...
Hi everyone!Newbie here. Please be kind. I’ve recently formed an LLC with a partner to flip houses. We’ve purchased our first property and the project is underway. I’m a CPA (originally an auditor, now in consulting),...
What does everyone pay for book keeping? I am looking at a CPA that does quick books managing, depreciating all my properties, updating balance sheet etc. and he is charging me $150 per month. Is this normal? Thanks!
I just bought my first rental property and have tenants moving in soon. I am now weighing the pros and cons of using my normal checking and savings account to manage business income and expenses or going ahead and set...