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Updated about 9 years ago on . Most recent reply

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Sabi Const
  • New York, NY
6
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44
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Closing this Friday!! Need some guidance

Sabi Const
  • New York, NY
Posted

Closing is scheduled for this Friday and I have some questions.

This is meant to be a flip and I am not sure what are the first steps... I am buying it in my LLC and am curious if I should apply for a commercial credit card at the Home Depot or should I use my personal?

Also, what should I use to track expenses? Does an excel spreadsheet work ok or what program works best?

What about utilities? When do they get put under my S corp? How about taxes being paid while owning the property?

These are some of the questions that I am thinking. If there is anything else, please feel free to post.

Thank you!

Most Popular Reply

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44,268
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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
65,332
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44,268
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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
Replied

Sabi your all over the map with your questions.. its just one flip .. don't sweat it pay it all from one checking account and then move on.. concentrate on making a profit that's whats important

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JLH Capital Partners

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