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
Benjamin Sulka
Having Multiple Loans in Your Portfolio
Hey BP! I'm looking to purchase a multifamily in the summer of 2024 as my first deal and do a house hack. I'd like to take out an FHA loan and live in one side of the property for a years time. After this, my goal is ...
Michael Pannacciulli
Rent or Sell
Hello - I have a property that is a second home in PA that is a second home. Never rented the property. My plan has been to sell it (it's paid off) and use that as seed money to invest in TN. I listed it just after...
Ricardo A Perez
Do you pay taxes on cash flow ????
Hey BP family ! Any CPA’s out there lol . I am a new investor and I have been taught the formula goes like this Income-expenses = cashflow but, my question is do you pay taxes on that “cashflow” ? If so, how much sh...
Jason Mancini
Newbie from Metuchen New Jersey
Hello everyone! My name is Jason Mancini and I’m thankful for this website!I’ve wanted to own rental property since back in high school but my real-estate investing experience is very limited. My interest was sparked...
Terrell Garren
Would appreciate financial advice regarding 1% rule
59 years old with 16 SFHs near Charlotte, NC. No debt (please don't beat me up regarding no use of leverage - I'm an old guy and just don't prefer debt at this point in my life). I do my own PM and set my rents aroun...
Berry Starnes
Getting Started HELOC!
First of all. I have been an investor for a few years now. However, it hasn't been in real estate. ..it has been in the stock market. I have been a value investor and have a small following on an investment blog. ...
Keith W.
Home Equity as Collateral for Hard Money
Recently, I came across a lender (not sure if Hard Money Company or Private Money) who will provide loans based on the equity you have on your current properties. The beauty of it is that you receive all the money at ...
Oren H.
CA resident holding multiple LLCs
Hi BP members, I understand that as a California resident, if I open up an LLC to hold my out-of-state real estate, I still have to register the LLC in CA and pay the $800 CA fee.I want to set up multiple LLCs in diff...
Zack C.
Engineer by day - REI newbie by night (SF Bay Area)
Hi, I'm Zack. My day job is software engineering where I build iPhone, iPad apps and web apps.
I've always been interested in REI. I own one residential rental and am interested in acquiring more. I am f...