Joyce Kim
How to avoiding commingling
I have a question about how to avoid commingling of funds...I am about to close on my first rental property in my own name and have plans to transfer the title into an LLC later. Once I have the LLC, I will be able to...
Dave Garlick
What account pays for common expenses
I just closed on my first deal consisting of two duplexes next to each other but they are on separate parcels. We did do two separate conventional loans which was recommended by the lender. I know there are a lot of o...
Mitch Bernstein
How to find land at the right price?
Hey Everybody,
I'm looking to buy a single lot to build a single family house in NJ, at the RIGHT price. The problem I find is that all the land advertised on Zillow or Realtor.com is either not worth it or o...
Wilson Pereira
Revocable Trust Setup
For those of you that setup a revocable living trust with your spouse/partner for your real estate LLCs and other assets such as bank accounts, did you setup a single revocable trust or separate trusts? My attorney ad...
Jacob P.
Bank that works well with multiple accounts
Hi all,Question pretty much as in the title.We have 3 rental properties. Looking to balance Keeping It Simple and being on top of things.For years, we used Ally. What I loved about them was that each property could ha...
Robert Borer
SD-IRA Tax Handling for Investing in Single-Member LLC
Greeting BP RE tax gurus:I've received a notice from my SD-IRA custodian to report the fair market value of my "investment". I invested in a Single-Member LLC, of which I am the "Single-Member". The single-member LL...
Rita Lo
How to organize finances when renting property
Hi,
Just starting out as a landlord (with a single property), and wondering what the best way to set up finances is. I currently operate out of my personal bank account, but was told it's a good option to set up a se...
Kathleen R.
Closing on my FIRST building....
Hey BPers I am scheduled to close on my first 4 unit building in the next week. I have been planning and saving for what seems like a lifetime to buy my first investment and now that it is happening I'm so nervous!!!!...
Richard Chang
How to collect rents electronically ?
Hi everyone,
I was thinking that there should be a way for tenants to pay rents others than by mailing a check, money order to the landlord ( no property manager ).
What are some ways to do this ?
Also, how do you ...
Erin Featherstone
New Member from Utah
Hi - I do not own ANY real estate yet, but hopefully will soon. I am interested in purchasing student condos around university area around Provo, UT.Since I don't have any cash saved yet, I am thinking the best entry...