Hello. I'm a new investor contemplating structure and strategy. Based on what I've studied so far, I believe I've learnt the following (somebody correct me if I'm wrong on any points):1. Assets procured in a Roth r...
For the single and multi SFR owners,
How do you handle your cash flow? Do you do per property, then overall? Do you use a program (ie quicken?), or stick to the simplest of simples and use excel?
Does anyone have ...
Tax season is upon us, I'm in need of some advice regarding cost segregation for next years planning. My husband and I are real estate investors in MN with 70+ units that are long term buy and hold properties. We ar...
Can someone please tell me in laymans terms what the cap rate is? I've read definitions over and over, but I still don't get it. Sorry feel like the dunce cap is on.
I have read several articles here about the benefits of scorp vs llc and I'm going to work towards a series llc to hold the properties in 2021. In early 2020, I started a multi-member LLC (2 members) and elected scorp...
How do we verify income? How to we assure the income is stable? How do we assure she is allowed to use there income for living expenses?Parent applied for the unit, she will be using her children's income to qualify. ...
Hello,
I just signed up for Quickbooks Online Plus, and I need some help regarding the set up for my LLC (flipping) and 2 rental properties (personal name).
The cleanest way from what i'm hearing is to set it up a...
Hello BPers!Quick question. Looking to purchase our first property by April/May of this year. Assuming it's bet to make sure that funds for REI don't co-mingle with private funds from the get go, but I also feel it's ...
I have one vacation rental and looking to add a second property. We currently have an checking account for VRBO/Airbnb deposits that's part of our personal accounts (though it's a separate account). Our state requires...
Hello all. Has anyone actually used Stessa? It was advertised on the last episode of the BP podcast #295. I have 1 property as of now and have been doing little to nothing to track income and expenses. Need to rem...