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Results (10,000+)
Gage Bohn Attention experienced REI. Do you qualify for a free meal at these restaurants?
30 May 2024 | 0 replies
I'd also love to hear about your journey in real estate and how you got started.To be clear, I’m not seeking funding, employment, or any commitments from you.
Daniel M. Seeking Advice on Handling Mortgage Payments for LLC-Owned Property
1 June 2024 | 3 replies
I would prefer to manage everything through the LLC's account for bookkeeping and tax purposes.Proposed Solution:Open a new joint personal account specifically for making mortgage payments.Transfer the monthly mortgage payment amount from the LLC's business checking account to the joint personal account.Document these transfers as "Owner's Draw" or "Owner's Distribution" in our accounting records.Use the joint personal account to make the mortgage payments.Questions:For the CPAs and accountants out there:What are the tax implications of this approach?
Lara Gonzalez Best Banks For Landlords
1 June 2024 | 17 replies
Everyone is going to give you their own "personal" preference.
Gabriela Angel New Investor in Houston area
29 May 2024 | 20 replies
House hacking will also give you some personal "property management" experience.
Juan Zamora What are some good STR loans out there today?
1 June 2024 | 18 replies
It only says "some personal use" with no quantity specified. 
Anne Marie Hyemgie New to realestate
29 May 2024 | 7 replies
This is what I recommend for you to get started in your real estate journey:1.
Nathan Pethers Hello BiggerPockets! New PRO here
31 May 2024 | 9 replies
Read Beginner’s Guide to help you get started: http://www.biggerpockets.com/real-estate-investingBest of luck on your REI journey.
Eric Lind Mortgage Lender tells me to not pay full credit card balance?
2 June 2024 | 2 replies
They will allow your mortgage payment and any personal debt payments (credit cards, cars, etc) to reach about 45% of your monthly income.Programs vary all over the place so it's best to ask a mortgage broker which programs you qualify for.They like two years on the job, rent paid on time, no liens or judgments, pay stubs, tax returns and so on.FHA has a 3.5% down program plus closing costs.
Austin Farsai landlord bank account for property
1 June 2024 | 7 replies
personally use US Bank [Big stable bank with Zelle capabilities], Relay [Checking and Savings 3%] and then Quickbooks [high interest rate 5%].
Jacob Marta Intro Post - Hi 👋
30 May 2024 | 7 replies
Securing financing for flipping projects specially for beginners can be challenging but if you do the work required, it'll be a rewarding journey.