Marty Boardman

Hello BP community, For house flippers doing consistent deals, what tool(s) do you use for accounting? I've tried QB (admittedly, didn't try for long) and it didn't seem to be a good fit. Seemed like QB would be good for a rental, but since with flips you have to capitalize every cost and everything is essentially on the balance sheet (versus the P&L) it didn't seem to work properly.

I've bought hundreds of houses at trustee's sales (Arizona) and at sheriff's sales (Wisconsin). The single most important thing you MUST do is get a title report prior to the auction (sometimes referred to as a preliminary title report, letter report or owner report). The title report will reveal what lien position the foreclosing lender is in, as well as if there are any other "skeletons" in the closet of the home (i.e. federal or state tax liens).

Quote from @Janet Hansen: Looking for ways to bring in tons of leads from motivated sellers. Would using a car magnet work well? What would you use to generate lots of leads? Any advise will be much appreciated. Thank you! :) I think Bigger pockets, Facebook, and networking events are easy ways to get motivated buyers and sellers. Cold calling here in Columbus, I have found so many investors that are not wanting to sell their property but buy more. Keep trying, the key is to be okay with hearing “No.”