Derek Young
Rental Finance organization help
Hi all!
Brand new to this and just starting to get my feet wet. Will be renting my personal residence out soon to grow my money and enter the world of tea estate investing. What is the best way to separate my finance...
Carolyn Morales
How to convert single family to duplex in pud
If a home is pud 2 or less units per acre and its 1.39 acres 100 wide by 600 deep and 2684 sq ft home and also a 28 x 40 slab in back with utilities available. What would be the best maximum thing to do with this pro...
Thomas J. Clifford
FINANCES & BOOK KEEPING: Most effective way to budget REi funds
Hello BP!I was listening to the podcast last night (Show 92 - No (and Low) Money Down Real Estate Investing with Brandon Turner), and in it Josh and Brandon discussed creating separate LLCs for each property partnersh...
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...
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...
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...