Hi all. As I'm entering this amazingly sophisticated, yet simple journey of REI, the best strategy I've come up with my lender is the following: refinance my parent's primary home (will get about 100k back), fix it up...

I have a split level home that I want to rent out. At the moment, it’s basically set up for two separate living spaces with separate entrances (the other level just lacks a kitchenette). The house is slightly outdated...

I'm in the process of moving each of my properties into separate LLCs to segregate them from each other. In the event that one tenant goes crazy and tries to sue me, I want to have a legal separation between the entit...

It is looking like this bill is going to pass in MO.  It states : All security deposits shall be held in a trust established by the landlord and deposited in a bank, credit union, or depository institution account in ...

Hello everyone,I looked at a 2700 sq. ft. property today and I need some advice on utilities. I'm trying to break down expenses to get an idea of cash flow every month. Currently the building is vacant. It has 8 units...

Hi BiggerPocketors,I am new to real estate investing and rental property, and hope to have suggestion to my situation here.My wife and I currently live with our daughter in Seattle area, and own a house with mortgage....

If you have an LLC for each property or for different businesses, does each LLC need to have a separate EIN?  If so, how would taxes be filed?  I understand a single member LLC files a personal tax return and that is ...

Hello,I was told that it is important to open up a bank account per rental property. I wanted to know if anyone has done this and if so what are the benefits and what banks are the best to utilize in the New England a...

Yoo. I’m currently doing my DD on a potential property. It’s currently a 3/2 w/ an half finished basement potential 1/1 with separate kitchen and driveway. There is a roughly separate garage w/ roughly 1000sq.
I spo...

I had a question for seasoned real estate agents/investors: how do you set up your bank accounts?I have my real estate license and just getting into investing and have an LLC. Obviously I’m setting up a separate accou...