![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2634165/small_1694554032-avatar-deanv20.jpg?twic=v1/output=image&v=2)
4 May 2024 | 28 replies
Thanks for any input you can provide!
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1054749/small_1694675380-avatar-deepakc.jpg?twic=v1/output=image&v=2)
5 May 2024 | 2 replies
I wanted to see if there are any lenders here that can provide their input.I recently bought a secondary home (2 months ago) in San Diego CA.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1557839/small_1709142543-avatar-jeffreym185.jpg?twic=v1/output=image&v=2)
5 May 2024 | 1 reply
I currently operate a mom and pop rental business in Reading with my wife where we provide an alternative to the slum lord business model that has existed in the Reading market.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/204131/small_1681783726-avatar-binarysolo.jpg?twic=v1/output=image&v=2)
5 May 2024 | 1 reply
We are currently using Excel for the most part for tracking the rentals, and using a third party account servicing company for tracking most of the seller financed loans (Weststar).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2169463/small_1694888531-avatar-christianw134.jpg?twic=v1/output=image&v=2)
6 May 2024 | 12 replies
Reason for the LLC is I have 180k of equity in this home, additional 150k in retirement savings and another 60-80k in cash in my bank account and I want to make sure im protected if I rent it out and the renters sue me (im told that is a thing) - the nw home would become my new homestead2) Put a heloc on the home (im told I should be able to get about 100k on top of about 60-80k cash I have), keep it as my primary and use the money as a downpayment for flips and either payoff upon completion or put a tenant in and refinance out3) Refinance out 90-100k from my current home, mortgage payment would go up $300 per month ($3600 a year) and just use that money for flips/buy and holds or even just stick in the S&P at an average of 7-8% return so I am making 3-4% more on my money then it being in the houseI am super new to all of this, have been saving my pennies up for awhile and need to get going.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2138078/small_1714833382-avatar-ashtona14.jpg?twic=v1/output=image&v=2)
6 May 2024 | 30 replies
Mind providing more clarity on the asset you are purchasing and the overall business plan with making it perform?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/22136/small_1736470272-avatar-gteplansky.jpg?twic=v1/output=image&v=2)
3 May 2024 | 4 replies
Any suggestions, warnings, or references of service providers would be great!
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2443695/small_1650794212-avatar-tayas1.jpg?twic=v1/output=image&v=2)
6 May 2024 | 6 replies
Depreciation can be applied not only to the property but also to fixtures, such as air conditioners, so if those fixtures are also new, the tax savings can be even greater.On the other hand, used property does not provide the same tax savings as new property because many years have passed since it was built, so it's useful life may be less, or in some cases, almost zero.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2714884/small_1694552792-avatar-kristineo4.jpg?twic=v1/output=image&v=2)
3 May 2024 | 35 replies
.: He provided two pay stubs from 2022?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/45765/small_1621408417-avatar-cbaker.jpg?twic=v1/output=image&v=2)
5 May 2024 | 6 replies
No other software on the market provides all of this for just $450.In addition, KBKG has more Certified Cost Segregation Professionals (CCSP) in the country.