Billy Chu
Utility Bill Back in San Antonio MSA?
Hello everyone, I'm a new investor focusing on acquiring B/C class small multifamily properties (2-4 units) with goal of COC ~10% (or with potential to get there by adding value).
In the hope of increasing cashflow,...
Mark Miller
Two properties in one purchase
Just got an offer on 2 properties next to each other. Will I be able to close them in one transaction or will I need to do 2 separate closings?
Mark Larson
Financing Three 4-Plexes on the same street
Hi,I am hoping someone can help me with some more information. I have agreed to a purchase price of 660,000 for three separate quadplexes on three separate lots with the owner. My first question is should the official...
Joseph Weisenbloom
Is this illegal/unethical?
I am currently closing on a duplex and I plan to live in one side and and rent the other out. The electric and gas are separately metered and are easy to have these expenses paid by the other renter. The water on t...
Eav Lim
Wanting to put property into series LLC help.
Hello, I am new to this forum.I already have a property series LLC registered in Nevada. I have 4 properties located in Nevada which I am creating a quitclaim deed to transfer to the LLC. There will be 2 members of th...
Josef Torkelsen
Bank Operating Account
How do you guys recommend setting up property operating accounts (e.g.; checking) for multi-family apartments? Do you have an operating checking account for each property? One account for all your properties? #AskBP
Rita Lo
How to organize finances when renting property
Hi,
Just starting out as a landlord (with a single property), and wondering what the best way to set up finances is. I currently operate out of my personal bank account, but was told it's a good option to set up a se...
Joseph Taub
How do YOU prepare your books for a sale?
Hi folks,TLDR: How would you (or would you?) accommodate a buyer's request for detailed rental and financial history, when selling only a small segment of your overall portfolio? Part II: what are some best practices ...
Kyle W.
Bookkeeping, multiple LLCs, accounting software etc advice wanted
Hey guys, just wanted to get some advice on my situation. I have been in RE for a few years and have done everything in excel and turbotax so far. My lawyer convinced me to get a couple LLCs and start them for the n...
Francis Rusnak
Proper Screening for Tenants in Cook County
In episode 85 of Straight Up Chicago Investor podcasts, @Mark Ainley talks about how in the last few years you are required to not pull credit/background check until the initial screening is approved. He said he'd put...