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I'm applying for a HELOC on my rehabbed house in Detroit (primary). Huntington is valuing it way lower than what a rehabbed home sells for in my area. If they only look at comparable sales, they will be including Hand...
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I’m setting up quickbooks and trying to figure out how to record a few things.
-Rent do I set the up as a bill or invoice?
-when the renter does not pay so I have to pay to cover the mortgage payment how do I record...
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So I currently have one rental property. It is under my name and not an LLC, but I plan to create an LLC and quit-claim it very soon (any advise on this would be greatly appreciated).I have been using my personal che...
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My wife and I applied for a 200k heloc loan at a local credit union. Our house(new townhome 2021) on redfin was valued at 1.08M when I applied and the outstanding mortgage was about 682k. With this valuation I was sur...
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Has anyone ever got a heloc for investment prop through Pen Fed? If so, how was your experience? Any issues to report?
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I'd like to get more organized in terms of expenses associated with specific properties. So far I've just been using an excel spreadsheet but I'd like to have something more specific.
I manage six properties for mys...
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Looking for advice to get our books in order, so to speak. We now own 10 units - our first deal. Should we hire a local bookkeeper? Use a new app? Use property management software? Open to ideas. Thx
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Hi! So, I have 4 properties. What do you guys use for book keeping, to categorize transactions and generate Profit and Loss reports for your CPA? I am using stessa, but I am wondering if there is something better out ...
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Hello Hello BP -
A lot of you have probably resolved this dilemma so I am looking for your advice on quickbooks vs Buildium for me. I invest and manage my own rentals with investor partnerships.
I am looking for m...
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We have a relatively small mortgage with a relatively high 15yr pmt. We are 9 years in.
We were considering doing cash-out refi's on 3 residential rentals to pull out about $300k to beef up our opportunity fund.
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