Heather Gipson
Solo 401K and 401K Roth sub-account
Hello all - I am looking to transfer my IRA's from a brokerage firm into a SD 401K with checkbook control. Currently 5% of my accounts are 'cash' and 95% are Traditional IRA's. I'm wondering if I should put the 5% i...
Andrea Cole
Do you use a different Air BnB account for your rentals?
Just a quick question:Do you recommend a separate AirBnB account for hosting vs. being a guest? We're FINALLY ready to list our STR and I'm trying to figure out if I should list it on my personal account or create a n...
Anthony Shui
Bought my first house / primary residence. Advice for managing househack expenses?
Hey folks! New here, just bought a 4 bed 2 bath as my primary residence that I'm currently remodeling into a 5 bed 3 bath before having some tenants moving in with me.Current thoughts:1. Black Friday / Cyber Monday de...
Bobby Nilsen
Using a Same-Company CPA and Bookkeeper vs. Independent from each other CPA and Book
I was having a conversation about CPAs and bookkeepers and wanted to get your opinions on the pros and cons of using a CPA and bookkeeper who are the same person or part of the same company, versus a completely differ...
Becca Flim
Business Bank Account vs Personal Bank Account
Hey BP community!
We are in the process of purchasing our first rental property in PA and looking at opening up a separate bank account in order to track our expenses. At this time we are not looking at setting up a...
Paul Danieli
Maryland Wholesaling
For anyone doing wholesale deals in Maryland. When you put a property under contract, do you include an assignability addendum? Or do you include some wording in the contract such as (and or assigns)? Some BP pro...
Malinda Gibbons
Bank account setup seems too complicated
Hello. I have read some advice on this forum, but I'm still curious how you set up bank accounts in the most simplified way. Right now, based on some advice from the BP landlording book, we have a bank account for eac...
Weng L.
Conventional Mortgage on One Building of 4 Townhouses
I am looking to buy new construction townhouses and talking to seller if they can sell whole building (that has four 2-story townhouses) to me as one portfolio (one property) instead 4 separate units. From financial p...
Mike Goikhberg
Adding two gas/electric meters to single fam property
I am considering buying a property that was built as a two unit but is not zoned as such in baltimore CITY. I want to split the electrical. Is there any way for me to get a second meter there? Or perhaps wire two ...
Brittany Baird
Asset protection for new landlord
Hi there, I have a single rooftop with three units fully rented in PA. I’m a NJ resident and have an LLC incorporated in the state of NJ. I made the LLC to use for my consulting business but accepted a w-2 position ...