Some of the units require renovations and I’m just trying to figure out the most cost effective way to do this without putting a huge hole in my pockets.

Which strategies have proven most effective for beginners?

Some of this depends on the size of your portfolio.On the bookkeeping side of the house, we use QuickBooks Online to capture all of our clients' property-specific and non-property transactional data in 1 place since the PM software normally just deals with property-specific data.- Time Capital Bookkeeping (REI myself since 2019)

Here’s an article I wrote about just such a transaction I put togetherOne of the most effective ways to build wealth in real estate is by offering seller financing when selling a property.The reason is simple - you can obtain a higher price for your property than when you insist on cash.

Just use excel to capture the transactions that the PM company isint, Outside of monthly mortgage payment and utilities, there can't be more than maybe 10-20 more transactions which should be easy to capture.Best of luck!

Is the DLBA financing a portion of the transaction?

I’m working on getting my first doors under management and would love to hear from others about what worked best for them in the early days. Was it networking, direct outreach, referrals, or something else entirely?

Too many people/professionals n any given transaction. 3.)

Pull recent cash transactions in PropStream or Privy, check the LLCs or buyers behind those deals, and give them a call to see what they’re actively looking for.

Credit card transactions still have to be entered manually.We actually use QuickBooks Online (QBO) for our accounting since it gives us more flexibility and reporting options.I’d also love to see an in-app calling feature (right now it’s text only).More flexibility to create custom CRM statuses would be nice too.I haven’t tried many other platforms yet, but for now AppFolio covers most of what we need pretty well.