I am just starting to work on a deal for a 5-plex where the owner is offering financing at 6% APR.  I am more familiar with APR with respect to credit cards and not so much with personal loans, so I wanted to reach ou...

I have a primary residence mortgage, I live in part of my property and rent the other parts. I have a regular 9 to 5 job where I get a direct deposit to my checking account. Should I deposit my rent money in the same ...

Hello!I operate an Airbnb listing, renting out the second bedroom of my primary residence (which I own). I recently opened an LLC for my other rental properties. With that, I have also opened up a checking account to ...

Right now I have 2 vacation rentals and one long term rental. Each has a separate bank account. After some research I've decided to consolidate. Should I put all 3 houses in one checking account (mortgages maintenance...

First a quote:
If you have a corporation for `insurance purposes', i.e. so that you can't be sued, forget it. The courts find it very easy to go after the major shareholder of a corporation where that shareholder is t...

This is a partial FAQ for a very complex topic that has a lot of possible twists and complications. Maybe it will trigger a discussion leading to a more complete FAQ.Here is a scenario. Harry goes on a weeklong trip f...

Hello BP Community!  I recently started renting out 2 of the 3 rooms in my house to tenants.  I also created a business account for myself where I put their security deposits and monthly rent.  I calculate out the uti...

Well... I have been talking about if for years. I think for many, a may have sounded more like a talker and not a do-er. I'll be closing on my first 2 unit in a week or so. I just went ahead with the formation of an L...

I'm in the military and I already own one property under an LLC in Missouri.  I've been lucky enough to get orders to Florida where I now also own a house.  I'm planning on renting it out in the future, but I have a f...

Hi, all, I see in this forum many people are recommending form a LLC and use the LLC to hold rental for asset protection purpose. In doing so, one of the main step is keep all the funds separate from personal funds, w...