Insurance, taxes, utilities, and maintenance costs are all going up and this helps your tenant remember that houses have to be maintained.If you renovate one side and rent it for $400 more, then I recommend you renovate the other side and increase rent on that as soon as possible.

For next steps, I would highly recommend you get in contact with a hard money lender and get your lending in place so you can start making offers.

As the other poster mentioned - make sure you set it up properlyIf you are looking for financing you will pay higher jnterest and higher down payment having it in a LLCMy recommendation to people is for their first few properties it may be worth putting in your own name and have an umbrella insurance policyIt depends on what assets you have.

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best!

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..

Bottom line: if your business made $20k after deductions, you cannot redirect all $20k into your 401k, you can redirect a smaller amount.I do not recommend the self-torture of trying to figure it out, but if you insist, go here and don't blame me: https://www.irs.gov/publicatio...This is not all.

I have been part of Phil Grove's Big Dog program for quite a time now, well over two years, and I have to say that I am REALLY disappointed with the program.I would not recommend it to anybody.

Hello, I am looking for a Maine based attorney to handle a private mortgage contract. any recommendations?

I would recommend reaching out to them to see if you could get access to a demo or ask someone how it functionally works.

Is there a spreadsheet/template you would recommend?