Marc-Andre Bordeleau
Newbie - Setting up bank accounts
Hey guys,I'm about to close on my first property and the realization is finally starting to kick in. I need to get my stuff together.So I was wondering, for those who have one or many rental properties, how do you hav...
Account Closed
Kansas City TK $79,900 Purchase, Making 12% Cap
I just closed this deal in Kansas City last week through my TK contact. I am finding KC to be an attractive market this year with reasonable prices and good returns! City seems like an REI dream to me - 47% of reside...
Debra K.
Real Estate Purchases in 2 member LLC with a Solo 401k
My partner and I (we own an LLC) are looking to purchase investment property together. We will be transferring into a Solo 401k our separate 401K accounts that were established at prior jobs. Can someone explain if...
Stanley E.
Qualifying for a loan to my self-directed IRA
Hi BP. I own a SFR through my self-directed retirement account that rents for $600/mnth. I want to pre-qualify for a loan to my self-directed retirement account to get ready and purchase my next SFR. What would be the...
Henry Li
Rental income tax for international buyers
Hi, I had several international buyers who were travel visa holder. They purchased some rental properties here in Mass. I heard that the first three years are tax free. First of all, is this true? Secondly, what ab...
Michael Almodovar
Property Management Software
Hello Everyone!Currently shopping for property management software. I tried Cozy.co but they were recently bought by Apartments.com and the app doesn't seem that practical to me. Has anyone had success with it?On top ...
Chris T.
Profit and Loss Statement
This is a general question for those with more accounting experience.I am trying to build a "rental resume" before sitting down with local banks and I am wanting to include a profit and loss summary for each of my ren...
Kyle Reynolds
Should I start a LLC for my rentals?
So i currently have 3 rental properties in my name only. I am ion the process of acquiring 3 more.I also plan on expanding as often as the opportunities come about. I am considering starting an LLC for the rental prop...
Eric Tuffendsam
Need to cash out my new airbnb, but having trouble with mortgage
I have flipped 4 houses in the last 2 years and I'm on my 5th now. I also just bought my 2nd airbnb rental. I ran into a snag today in trying to secure a cash out mortgage on my new Airbnb rental property. I own th...
Jermaine Funchus
QuickBooks to track projects
I'm using QuickBooks to track projects. Does anyone have any recommendations to the most efficient way to track projects? Would anyone be willing to share their chart of accounts? I will list each project as a custome...