Is it safe to use eCheck? PM is asking for payment, and one option is eCheck. Otherwise they charge like 3% for credit card.I am wondering if someone use my bank account number and router number there, they can do wit...
Hi,I have a property rental in one LLC and taxes are under those LLC. I need to tranfer that property to another LLC name and going forward it will file taxes under that name.How does the transfer work? What happens t...
In the following example: 1) I bought a rental property in 2011 for $100,000 which has been fully rented since.2) I transfered the property from myself to a single-member (myself) LLC in June 2017. The "sale" price w...
I see many conflicting opinions on BiggerPockets regarding forming an LLC. Specifically, the merits of a umbrella policy vs LLC protection, etc. That's not what this question is. :)Everyone always mentions the inabi...
I just bought my first property in Canada, a duplex with 5 tenants, and for various (most tax related) reasons, I have decided to operate the rental as a sole proprietor. I'm considering whether to register a business...
From your own experience, what is the MOST EFFECTIVE and CONVENIENT way to collect rent from your tenants? How did you learn this?? GO!!
Hello BP Community,I am currently New to the real estate investment world and have been doing research the last few months. I currently reside in Southern California and do not plan on investing in SoCal due to funds ...
What does a person do with a check they get from closing a deal when all the banks are closed down due to the coronavirus? The atm machines are the only way people are able to do their banking transactions. What about...
Hi all, Im new here. My name is Ian and I live in Littleton, CO. I'm a used vehicle manager at a local Subaru dealership full time and I purchased my first home (single family) in 2019. I have been renting the second ...
As I'm trying to come up with estimated closing costs to run the numbers on potential deals, I'm trying to turn a more critical eye to the closing costs from buying my personal home last year. It turns out that I pai...