Hello BP Community,I have recently removed the escrow accounts from our financed properties. That means I will be sitting on a bit more cash until I pay taxes and insurance every 6 months. That said, I could park this...

Hi all,I recently purchased my first investment property and want to set up a separate bank account for my real estate specific expenses/income. Does anyone have any bank accounts they recommend to open up, as well as...

This may be posted in the wrong area, but I am just wondering what are some good "business bank accounts" to get or credit cards or even lines of credit before starting rental properties? I was told to get at least a ...

Hello everyone,

So I went to a bank to have a pre-approval done and I was denied for serious delinquencies. I had 2 collections on my report which were paid 1 1/2 yrs ago. I also purchased my primary residence about ...

Hi Everyone! I would appreciate if any accountants, lawyers, etc. can shed some light on the implications that arise from being a CA resident who invests out-of-state through a business entity such as an LLC.I want to...

So my uncle has a friend who has a house that is for sale in a lower income residential area for $15k. The whole inside of the house needs to be gutted and redone and needs a back porch and a couple of windows need re...

Since 2016 I have purchased 8 rental properties in Florida.  I have good tenants and the monthly return on all the properties is good. The loan officer I have used for the purchase of all my rentals and primary reside...

I have come across 2 duplexes and a triplex that we are interested in.  I was thinking if we buy them on our credit line, then after 6-12 months (whatever the lender requires as ownership time), re-fi to remove from o...

Good Afternoon,My wife and I made some good money on the appreciation of our existing home and we want to buy and invest in a new home.  Here is my current situation:Mortgage Amount: $370,000Home Value - $650,000HELOC...