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...
Hello, my name is Walder. I am new to BP and real estate. I am trying to get a hard money loan to start with the BRRR method. I found Rehab Financial as one of the best hard money lenders in Philly, but I was wonderin...
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...
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...
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...
Has anyone ever got a heloc for investment prop through Pen Fed? If so, how was your experience? Any issues to report?
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...
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
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 ...
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...