Jacob Mallat
Adding a Basement to a Kitchen Unit
Hello BP Community,
I am looking to house hack a single family home by splitting the upstairs and downstairs into two separate units. I have come across many homes with separate basement and upstairs entrances where ...
Marc S.
My first investment; looking for banking help
Afternoon BP Community,
I am beginning my RE Investment after months of paralysis analysis. I will be investing in a Syndication after doing a lot of research and homework, I'm confident it will produce great cash fl...
Chantelle Walker
Multi Family house. One thermostat but two meters
I live in a multi family house and we have two meters but only one thermostat. The basement and the 2nd and 3rd level are on one bill and the first floor is on a separate bill. What is needed to install a second ther...
Richard Chae
New LLC or DBA
Hi all, I created an entity for the sole purpose of buy and hold/ltr. I recently came across JV opportunities that would buy and flip. Is it best to create a new entity? Or can I create a DBA to separate my capital ga...
Dustin Seager
Insurance for multiple properties?
the Scenario:We have an LLC, 2 long term rentals, 1 short term rental, 1 future short term rental about to undergone renovation. I have a general contractors and interior design license. I’m required to have liability...
Will Morrison
Bank accounts for investment properties
As an agent here in Western North Carolina I have been posed the question by a client whether or not it is better to have a separate bank account per investment property or to have all the income flow into one account...
Cherie Liverman
Urgent FL Homestead Law Tax Problem
I bought my 1st home in FL. in June of 2008. It was homesteaded in 2009. I got married in 2010. In 2016, I turned my home into a rental property, at which point I notified the city that the home was rented to remove t...
Justin Fox
Depreciation of appliances, fixtures.
If you put your previous home up for rent (10 years old), can you depreciate the appliances, and fixtures separately even if the the appliances and fixtures are not brand new?Thanks,Justin
Mary Ciccarelli
QuickBooks - Accounting
My team and I recently created an LLC and are in the process of securing 2 deals that will be owned 50% by our LLC and 50% my our partners’ LLC. How should we go about recording data in QuickBooks. Do we both record 5...
Noel Fajardo
16 unit apartment complex with two address and two APN #
I am looking at an 18 unit apartment complex that has two address and two APN #. My thoughts on this is that, the 16 unit or more rule does not apply base on these two factors. Please advise if anyone had a chance to...