All Forum Posts by: Kp W.

I've used Prime Corporate Services (www.primecorporateservices.com) to create LLCs and also Wyoming LLC Attorney (wyomingllcattorney.com). Prime is more expensive but offers a bit more robust documents, etc. Both are good though!

Hi @Greg Wasmuth! I'm happy to help! I've been trained with Max's program. I primarily use Xero, and love it's flexibility more than QBO (unpopular opinion, lol). Feel free to reach out to me at [email protected] or message me here if you'd like more information.

Hi everyone! I'm KP Warren, an real estate investor based in TN. I recently started my own practice as a real estate bookkeeper, and am excited to help other real estate investors cleanup their books! I have experience with Quickbooks Online (Intuit bookkeeper), Xero (ProAdvisor), RentRedi, BuilderTrend and more. 

Got thoughts on the topic of bookkeeping or just want to connect? Feel free to reach out—I'm excited to be of assistance and learn with all of you!

@Benjamin Larabee I'm a longtime investor, and just started a new bookkeeping business. I've been doing our books since 2008. We are open to accepting 2 new clients at this time. If you'd like, we'd love a chance to help. We ONLY focus on real estate investment books. We do clean-up, done-for-you, and/or done-with-you services. Check us out at YourREIBooks.com or just send me a message on here! I'd love to help!

We have tenants who are asking to bring a relative to live with them that has a criminal history. The relative is moving states trying to change their life. What should we do? If we allow them to stay there, is there anything extra you would do? Please, all advice welcomed!

Single-family residence buy & hold investment.

Purchase price: $75,000
Cash invested: $20,000

Small Single-Family House. Heavy renovation including electrical overhaul, septic system and entire interior replacement.

What made you interested in investing in this type of deal?

Looking to build a local portfolio for cashflow in an appreciating area.

How did you find this deal and how did you negotiate it?

On-Market deal. It was a probate property that was not cared for long before it hit the market. Used our tools to get an offer in ASAP at asking price.

How did you finance this deal?

DSCR buy rehab loan.

How did you add value to the deal?

We repaired the foundation issues, upgraded the electrical, added central HVAC, refinished the floors and renovated the interior.

What was the outcome?

This was a great learning experience and now has the ability to provide us cashflow, in addition to getting our cash outlay back.

Lessons learned? Challenges?

Learned a few more things to look for during inspection period. Challenges were primarily managing the crew doing the work. We're still building a solid team in the area, and had to take some lumps (LOL).

I've had luck reverse engineering the process and searching via law firms that handle the foreclosure process. They may (or may not) have a public list of the properties that they are in the process of foreclosing.

 Thanks for reaching out Adrienne! I will be in touch!

@Matt P. What are some of the pitfalls to look for in mobile home park investing? I’m looking to invest in a deal and just want some perspective. Thanks!!!

@Gregory McKinley: How do they compare? I currently use propstream and am happy, but i've just learned about ProspectNow. Any advice?