Katie Cole
Leveraging an LLC for Tax breaks - reading, podcast suggestions
I'm brand new to real estate and hoping to make some moves in 2021. My husband has an active LLC for his side business, but I am curious if anyone can recommend any books, podcasts, or other material so that I may und...
Tristen M Walker
How to Setup Business Accounts
How do you guys/girls setup your business bank accounts? My questions are:Do i need an LLC for a business bank account? Can i hold multiple security deposits in one account? the money wouldnt touch my personal account...
Thomas Lee Malpass
Single Family Rentals with An Accessory Dwelling Unit
So I am a little confused on to how a Single Family home with an ADU would potentially rent out.I am calculating one right now and it would not work if it were to rent out as just a SFR from the comps in the area. But...
Rachel Lyle Bridgers
Bank Account for Security Deposit
Hi,Legally, are you required to have a separate bank account for security deposits? If your bank has a minimum balance is it alright to put personal money in the account when you don’t have security deposit money in t...
Kole Kingslien
The Flow of Money in relation to Rental Properties
Hello BiggerPockets community,I have titled this post "The Flow of Money", so it does not get confused with the term "Cash Flow". I have just purchased my first rental property, and am trying to understand how the mon...
Scott Decaria
SFH with MIL as a rental?
Hello BP, I'm thinking about purchasing a Single Family Home that has a Mother-In-Law apartment in it solely for use as a rental. The thought is to split it up and rent each section separately. So it would basically...
Sue Spencer
Sale of rental house depreciation of appliances
First time I have sold a rental house. I've always done my own taxes. I have been depreciating the refrigerator, gas range, carpeting and tile flooring improvements separately from the house as they were improvements ...
Sean Pincus
Multi-Family HVAC System
I am in the midst of putting an offer on a multifamily house. I am wondering what everyone is doing in regards to HVAC systems. I am going to gut the house and redo it all, but I want to add HVAC. Is everyone putting ...
Jason Scavilla
Checking or Savings account per each house
Should I have a separate checking or savings account per rental house. I currently have 3 rentals (just closed on the 3rd one a month ago), and the rent money currently all go into 1 checking account. I have Bank of A...
Sean Steward
Investment Properties and Checking Accounts
I am currently brainstorming strategies and ways to get into REI and came across a question of, "when I buy an investment property or properties, and I'm not starting an LLC or corporation so I'm not opening a busines...