Gina Shumway
Banking with properties
How do you manage your bank accounts for your rentals? Do you have a separate account for each rental? I only have 2, but I was wondering how you track finances for all of them etc.
Anne Morgan
First Timer - Looking for Bookkeeping advice
Hello!My husband and I plan to start managing a rental property. We are currently under contract on a new primary home. We are keeping our current home as a single family rental. This made the most sense for us with a...
NA NA
Series LLC flow of money
Hi,
Imagine the following setup:
->TexasSeriesLLC that holds no assets and serves as the "parent" LLC, single member (me), member-managed, has its own EIN and bank account.
---->Cell1 - a protected series of ...
Mostafa Khalifa
Virtual Wholesaling in the USA
Hey Everyone ,
Am new to real estate wholesaling and i want to start in Nashville TN and am based in Egypt and I want to wholesale virtually in the US . I want to know what do i need to make it legal for me to operat...
Jason Xue
LLC's and Bank Accounts
How do you all deal with multiple bank accounts if you own multiple properties in different LLCs?Long story short, I am creating a New Mexico LLC to be the holding company and owner of children LLCs created in the sta...
Stephen Shelton
Questions I'm going to ask my CPA about my rental business
I own 3 SFR rentals and would like to continue growing. Currently they are not setup under a business entity, but I think it's time to get this done before buying Property #4. After completing Property #2, my CPA sai...
Peter McCauley
House Hacking a Single Family within Year 1 of Mortgage.
I’m currently looking at purchasing a 3 bedroom / 2 bathroom Single Family as a first time home buyer. I want to live in one bedroom and fill the other two bedrooms with “Tenants” / old college friends that have agree...
Alik Levin
Distribution to parent LLC is income but not child LLC expense
Dear all!I have a company structure where a parent LLC owns children LLC's that own properties. When I look at the books that I manage via QuickBooks Online the distributions from children LLC considered as an income ...
Ron Alexander
llc for my flips in Florida
Hello everyone,
I am sure this have been said before but I really wanted to get details on a few personal request about it,
I do have an investment house I bought 3 months ago (A), I am going to flip it very soon ...
Benjamin Herrmann
What woudl you do with 100K
If you had 100K to invest in real estate what would you do with it? Would you loan it out to another investor? Spend it all on farming? Buy a small home for cash? Put a down payment on a multi-family? I'm curious wha...