Reyna Ayala
How many bank checking /saving accounts are needed as a first time landlord
The House is not under an llc. Just want to start setting up as if it were. so far i have thought about creating 7 accounts.1) all rental income account 2) account where common utilities and mortgage will be billed3)m...
Patrick Flanagan
How to make your tax accountants job easy!(ier)
What are the top things I need to be doing to make my tax accounts job easier? What systems do you utilize in your small or large real estate business to track and log all your real estate transactions. 1 to make your...
Bryan Normal
Is this Hard Money Lender a scam or not?
First time vetting hard money lenders for a flip I have under contract but not closed yet. One potential lender has attractive terms (8%, 2 points, 100% financed, no prepay penalty), but on the phone he has very spott...
Mike Jones
EIN# for Property LLC under a Holding LLC
When you have a Property LLC owned by a single member Holding LLC, how do you obtain an EIN# for it? Do you apply for the EIN# using your SSN as the member and owner of the Holding LLC or you obtain it by using the H...
Anthony Alvarez
I Inherited Properties! How do I start? LLC? HELOC? CPA?
Hey Everyone I'm 24 years old trying to figure out REI. I figured after searching through forums on BP I'd ask some of my personal questions.
My father passed away unexpectedly and my mother, brother, and I inherited...
Mike Stahlman
What is an average price for Accountant as new investor?
We are looking for a CPA and have 4 rentals - 2 active and 2 in the pipe and try to keep one flip running all the time (4 completed so far). We have a property management company and my wife is using Quickbooks onlin...
Robert P.
Energy Audit Questions
I have a tenant who is going to have an organization (like Nstar or Eversource) come in and do an energy audit. I just found out that they are looking to do spray foam insulation in the walls, which would mean a hole ...
Jason Halpin
Any out of country investors in the Ramstein Germany area?
Any out of country investors in the Ramstein Germany area?
Judy Murphy
Tax benefits of separating rental income from pet rent?
Hello everyone. I have 3 rentals, one in Anchorage Alaska, and two out of state. With all three, I have Pet Rent. My property manager in Anchorage separates the pet rent from the general rental income on every stat...
Account Closed
Business or Personal Credit Card?
So I have created a DBA and signing up for a Chase Business Checking Account to organize money flow and make filing taxes easier. My question now, if there was an expense/repair that I need to pay, should I use my per...