I am looking for any advice and ideas for checking and savings accounts for rental properties for purchase and management stages. My questions include:-Do you have a separate savings account for acquisitions? -Do you ...
Hi, I am new to real estate and I bought a house recently and planning to house hack by renting the basement out while I live in the house for a year or 2 and then move out and rent the whole house. My question is sho...
Im currently in the process of buying a 4 unit house with a heloc on my personally house. The heloc is a fixed rate however interest only for the first 5 years unless I choose to make additional principal payments. If...
Do you recommend having a different credit card for each airbnb property? I'm wondering if things will get complicated to track if I am paying for things to multiple properties in one credit card.
Hi guys,
Ive been trying to figure out how to pay mortgages on my rentals to make sure there is no co-mingling of 2 different LLC's funds or my personal funds with those LLC funds.
So lets say you have a house that ...
I'm closing on my first property (SFR), starting a sole proprietorship, and getting insurance.The article below mentions policy bundling (personal home, car, investment property, etc.) to save money. This sounds great...
So I bought my first rental in Kalamazoo, MI. It's a SFR which I will be living in one room and subleasing the rest of the rooms. Tenants/roommates will be paying my mortgage and I will still have an extra $200 left o...
Hello Everyone,
Currently I am looking to refinance an Investment property I own. The question I have is should I borrow through the LLC or borrow through my personal credit?
The reason why I ask is because I have...
All,In the next few weeks I'll be closing on a 4-family house, and my 1st owner occupied rental property. I read the forums and a few books and understand that keeping business and personal finances seperate is key. I...
Im about to buy a 2nd property with plans of expanding further. Im going to be setting up a business account to separate my personal expenses. If i were to buy a truck to help with the business im building but still u...