Monica Kovalsky
Quickbooks Online for Rentals with Multiple LLCs
I recently converted to Quickbooks Online for 2 main reasons: 1) peace of mind in case my computer decides to crash 2) may eventually hire a virtual bookkeeper so thought online would be easier. I thought I could jus...
James Mudd
Duplex vs Half plex…confused ?
Somebody please help clarify the difference for me…I think a half plex is where the 2 units are owned separately…is that accurate ?
Kayla Bassett
Rental bank accounts?
Hey folks,I am full speed ahead to close on my first duplex in mid-January. Will be utilizing this as a house hack. I need to get my banking situated for property expenses and am looking for suggestions on the best wa...
Kevin Scanlon
FHA for Multi Unit Property
I am curious if it is possible to get an FHA loan for a 4 unit deal that is separate properties. It is on the MLS with 1 duplex and single-family houses. All are on the same lot but are different addresses.Thanks in a...
Adam Jackson
How to Handle Homeowners Insurance Setup
Hello!I have some questions on how to properly set up the accounting for rentals, and what experienced investors do when handling the accounting for multiple properties.Currently based on what i've read, it's a good i...
Stacey Schwartz
Depreciation value for rental in owner occupied 2 family
I'm new to this. Bought 1st home as a 2 family fixer upper last year. Taxes are in progress but I am stumped on factoring depreciation value on the rental property. How is the depreciated value calculated for an owner...
Skip Reath
Converting 401k to SDIRAs
Question? Is it possible to roll a 401k that I self direct into a single SDIRA that would hold both traditional and Roth monies. Right now my 401k has both traditional and Roth money commingled in a single account ...
Andrew M.
How Many Bank Accounts for Series LLC?
This is regarding a series LLC in the great state of Texas, but I'd be interested in opinions from other states since I haven't come across any case law supporting an answer to this in Texas. I have a series LLC, each...
Jackie Hook
LLC for Mobile Home Park Ownership?
So we are purchasing our first small park soon. What is the best way to own an Mobile Home Park? We were looking at an LLC. Is one LLC layer enough? Should we have that LLC owned by something else? Also are there...
Account Closed
Splitting up heat in 2 unit
Hi everybody I am wondering if anyone would have any advice/experience for splitting up the heat in a 2 unit property. Currently, the property has one central gas(forced hot air) furnace in the basement that heats the...