Jordan Theisen
Banking for Investment Property
Hi all,Recently I closed on my first investment property in the twin cities area of Minnesota where I'm also using it to house hack. I'm wondering how to go about setting up a new bank account for the property to keep...
Ali Senchenique
Security deposit and rental income question
Question about bank accounts. Do you guys keep security deposit in a separate bank account and if so what kind? CD, money market account or just plain bank account? Also for rent, do you open a different bank account ...
Danny Ondik
How to maximize tax returns for rental properties?
Hello All,This is my first year owning rental properties and was fortunate to buy 2 small properties. What should I be doing throughout the year to best maximize my tax returns each year? Any tips, advice, things to k...
Jeff Bridges
SFR Insurance and umbrella policy option through rehab and beyond
I'm acquiring my 5th buy and hold property and plan to rehab for about a month, then market for rent. My current 4 are under personal landlord insurance policies through Geico and umbrella is also through geico. All r...
Mitch Larrivee
How do you handle ownership and financing?
Looking at protecting myself as much as possible, I want to buy (hard money most likely) with an LLC. When you go to refi out, do you normally xfer ownership to your name so you can get a conv. loan? Or do you normall...
Account Closed
What do you do to protect the legal integrity of your LLC?
I have created a LLC for holding a piece of rental real estate in Florida. I want to make sure I take the proper steps to keep my LLC as a separate entity then myself, what should I do other then the steps I have list...
Zachary Engen
Business bank account or personal acct
I need some advice on rental bank accounts. So I have an llc and business account set up for that llc, but I just bought a duplex with an fha loan which isn't in the llc because I couldn't get fha approved for the llc...
Austin Klesmitk
Keep cash or pay down mortgage
I currently have a mortgage on my personal property at 3.4% interest with around 100k in equity. I have around 30k saved at the moment and I am looking for a single family home to turn into my first rental. My quest...
Bruce M.
Partnership advice
Hello all. My sister and I have just started an LLC to do flips and buy and holds. We have someone who is able to assist us on a "silent partner" basis. This person is assisting by lending us their credit standin...
Daniel Wolz
Existing LLC, New rental in personal name
I have an existing LLC with 4 rental properties in its name free and clear (purchased all cash), a bank account, and file taxes as an LLC. I am paying cash for, but wish to mortgage immediately in order to take advant...