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Results (8,879+)
S Yu Separate Bank Account for Rental Activities?
13 May 2024 | 16 replies
Hi as Steve and Jason pointed out it is very important to keep funds seperate.You will need an escrow account, if it's required by law, your account will need to be titled XYZ ESCROW ACCOUNT, if not so required, it can be any account but ONLY deposits and funds held in trust should ever be depoisited to this account and any withdrawl should be well noted on the check and on your books.If you comingle you accounts and you need paper towels to clean units, the IRS can simply disallow your deduction saying it was used at home since it was paid from a personal account or one of comingled funds.I too would suggest you formalize a business entity, an LLC probably.
Trent Reeve Bathroom towel set recommendations
8 May 2024 | 5 replies
Any recommendations for a towel set?
Johnathan Mark Seller Financing: Multifamily Property (Texas)
11 May 2024 | 10 replies
So these platforms will be looking to teach people how to source deals,  use their experience and soft ware etc.   
Stuart Udis 14,000 SF Mix Use Value Add Acquisition - Mount Airy Neighborhood of Philadelphia
9 May 2024 | 2 replies
Construction Loan with at 80% LTC with $ 800,000 held back for construction and misc. soft costs.How did you add value to the deal?
Kai King Any Guidance On Construction Loans In LA County
7 May 2024 | 3 replies
You may have to go creative rather than conventional, but depending on where it is and what you are doing, you may be looking at anywhere between 100K-300K in soft costs (permitting, design, architecture, utility hook ups, etc.) and a construction budget of probably 1 Mil to whatever, once again depending on what you are doing and where. 
Collin Hays Smokies State of the Union
8 May 2024 | 33 replies
I haven't seen a May this soft since the financial crisis.
Alexandra Joy Tenant asking for personal favors
4 May 2024 | 35 replies
think it's just starting to get too much and I am afraid she is going to be demanding and maybe has read me as a soft touch.In the past two weeks I also cut all the grass, installed an AC, and bought a second fan, at her request. 
Account Closed Found Deals Off Market - Here's How
6 May 2024 | 62 replies
Your writing, if someone can get through it, speaks loudly enough for your (lack of) character to show.You couldn't read what I wrote, that's your response, a grade-school level insult similar to "well your a poopy poop-pants".... lol, ok....
Noah Bacon What is the biggest thing holding you back from getting started in today's market?
3 May 2024 | 12 replies
It's a struggle starting out and I don't think it's talked about enough in more of a blunt way, in blog posts or any article on the web, everyone seems to softly speak about the introduction part that requires money.