Hi, I am starting to self manage my rental property and have below Qs. Please help?1. I understand its good idea to have a separate bank acc for rental income. Can it be a personal acc? I called WF and they said for b...
Hi all,My first time land lording without a partner, what software does everyone use to make applying/ and managing tenants easier?
Hi,I was wondering if any investor or CPA can chime in on their thoughts about switching away from Quickbooks to another accounting software?I have been using Quickbooks online for years and love that it's the industr...
Hey guys!
I've found a lovely duplex in my area (just outside the Birmingham AL area) It is in a B neighborhood and it is listed at 30k. I am considering house hacking this property. But it needs a lot of work and I ...
What would be the rationale for making a loan with a promissary note from your personal name to your LLC instead of just making a capital contribution? Is there some tax advantage to doing that? It seems simpler to j...
As the title says, I’m roughly a few days from coming for an agreement on a single family home I am purchasing. I’m posting here because I am getting cold feet and wanted to see what the community here at biggerpocket...
Hello Great people of BP!I have a question regarding depreciated improvements on a rental property. I do have a CPA. But I just wanted to get a second opinion on my situation.
My first question: This past year I move...
We are purchasing a quadplex in Colorado and will live in one of the units, which is making us lean towards self-managing the property as we will be on-site anyway, have no problem cleaning toilets/general handyman wo...