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All Forum Posts by: Darryl David

Darryl David has started 1 posts and replied 5 times.

Post: Do you need a bank account for every property

Darryl DavidPosted
  • Investor
  • San Francisco, CA
  • Posts 6
  • Votes 1
Quote from @Alecia Loveless:

@Angelo Llamas I do like to have separate accounts for each building. I can see how if you had dozens of properties this would become too difficult.

I pay the mortgage out of the individual accounts as well as the bills. I deposit the rents in each account. Each month there’s not likely to be more than 5-6 transactions per account which makes things fairly easy.

I also have 2 separate business credit cards. One that I use and one that my contractor uses. Before anyone gets their feathers ruffled I’ve worked with him for about 22 years. I wouldn’t just give a credit card to every contractor I use. It was getting too difficult chasing him around to different stores and paying the bills for things he bought. Now he tells me if he spends more than $200 and I check the bill every night online.

It’s incredible that you have a great trusted contractor very tall task to achieve. 

Post: Do you need a bank account for every property

Darryl DavidPosted
  • Investor
  • San Francisco, CA
  • Posts 6
  • Votes 1
Quote from @Alecia Loveless:

@Angelo Llamas I do like to have separate accounts for each building. I can see how if you had dozens of properties this would become too difficult.

I pay the mortgage out of the individual accounts as well as the bills. I deposit the rents in each account. Each month there’s not likely to be more than 5-6 transactions per account which makes things fairly easy.

I also have 2 separate business credit cards. One that I use and one that my contractor uses. Before anyone gets their feathers ruffled I’ve worked with him for about 22 years. I wouldn’t just give a credit card to every contractor I use. It was getting too difficult chasing him around to different stores and paying the bills for things he bought. Now he tells me if he spends more than $200 and I check the bill every night online.


Post: How do you test the market value of your property?

Darryl DavidPosted
  • Investor
  • San Francisco, CA
  • Posts 6
  • Votes 1

I can get you an accurate valuation report free of charge. Im also an active local broker in the area SF.

Post: Buy & hold strategy for cash-flow

Darryl DavidPosted
  • Investor
  • San Francisco, CA
  • Posts 6
  • Votes 1

Investment Info:

Single-family residence other investment.

Purchase price: $788,000
Cash invested: $60,000

Buy & hold strategy for cash-flow - CASH COW - HIGH EQUITY - CLASS A NEIGHBORHOOD

Post: Fix & Flip Completed, keep it rolling!

Darryl DavidPosted
  • Investor
  • San Francisco, CA
  • Posts 6
  • Votes 1

Great work simple rehab, and natural choice of colors. Congrats on the kickass result!