All Forum Posts by: Chris Leppanen

Hi there everyone! 

So I've been doing a lot of research and I was just wondering if someone could explain the general way money would flow from a cash flowing property and into either my, or the business bank account tax free. (Not sure which account is normally used with other investors) Also how are the books done and when? Do you have property managers handle the rent payments then at tax time they hand it off to the CPA? What about book keepers? Sorry for such a jumbled question but I'm just trying to get the framework down in my mind.

Thank you so much everyone in advance this helps so much!

Hey Everyone! Me and my girlfriend have been reading into real estate investing for 2 months or so now, we have joined the local real-estate investor group and networked a bit. We both currently live in our parents houses and after much thought we are thinking about doing a house hack as our primary residence in a fourplex. As far as financing goes i'm thinking FHA loan ? Being new to this we are curious as to how we would buy another property after living in the fourplex for a year and a day in order to meet the occupancy requirements. How does that process usually work? Would we just get another FHA loan if we wanted to acquire another fourplex?