Account Closed
What Real Estate Class Should I take?!
What Real Estate Class should I take starting off? I want to be a landlord and would also like to learn about wholesaling. However since I am a beginner I would take any class right now to increase my knowledge.
Bienes Raices
Proof of Funds for LLC
For an offer made by an LLC, will the banks accept a POF of your personal funds, or does the money actually need to be in the LLC's bank account at the time the POF is given? Thanks.
Account Closed
Forming an LLC in NY
Hello everyone, I have two questions on how to form an LLC. My first questions is after someone has already form an LLC through the state, what happens next? I am currently in NY so I know the process by just going o...
Maria Teo
What do you pay yourself or let your property manager pay on your behalf?
Does your property manager pay property taxes and mortgage on your behalf?All rental property expenses paid through the trust account I have with my management company, including property tax and mortgage. I like havi...
Wesley Pittman
Acceptable "Receipts" for Tax Audit Purposes
Hi,Right now I only own one investment property and find myself already spending more time than I would like cataloguing my monthly utility receipts for the property. I deduct these expenses and want to have proof of ...
George Zev
LLC vs. Non-LLC
Hello,
I am interested in the pros v. cons to creating an LLC and operating under said implications.
A few questions I have top of mind:
Does it cost anything to hold an LLC in the state of Colorado?
Does...
Manuel Lam
Subleasing your business office space
Hi,
I have a consulting business (professional Corp). I pay $600 to lease my office. It turns out that it is common practice to sublease other days to offset my lease. I sublease at $250/day in this market. So I ca...
Chico Sajovic
Looking for a new Property Management System
I have been using cozy for many years with great success. After their merger with apartments.com they no longer support commercial properties and I need to move to another platform. Based on my research so far I would...
Ry Dill
How do you keep your books?
Hi guys,
Been lurking here for quite awhile and I thought it was time to tap the collective BP wisdom. I'm currently trying to find a method/platform of accounting for my 5 rental units. I've been using Quicken, bu...
Account Closed
Newbie in Northern CA... looking for a mentor
Hi all,
I'm new to BP. Decided to join after reading a couple BP books.
My husband and I are also new to investing and just recently decided that's what we wanted to do with our savings instead of upgrading our own h...