Rik Patel
What's the best way to keep purchases organized?
Hi All! I wanted to know everyone's experience when it comes to keeping purchases organized for multiple properties.I have a few properties with their own bank account. Let's say property A & property B both need ...
Darrell Tucker
Opening a Ausiness Account
Hello everyone! I am in the process of going to the bank & opening a RE business account. I have my business plan, tax id form & my credit analysis together to present to them. Any extra advice/tips would be g...
Sean Kehoe
Property management and record keeping
Morning all,
So this year, after like 8 years on this Biggerpockets thing, I finally turned my first residence into a rental! Im officially a real estate investor...man that feels good to say. Im hooked and ready for...
Kelly Stanton
Flipping multiple homes w/different partners
We have fortunately had an opportunity to purchase multiple homes off market that we plan on flipping. We have multiple investors for each project. Our initial plan was to create an LLC for each project, open a chase ...
Account Closed
Tenant qualification
does anyone have any special way to qualify a cash tenant in a low income area? I have my techniques but would curious to know everyone else's. Please share
Christopher Rogers
Expenses before LLC set up
I purchased a property April 1st of this year. The deal came quickly and I closed without having an LLC or an LLC bank account set up. I'm also in the process of filing a quitclaim deed to transfer title to the LLC (n...
Todd Smith
Best National Bank for Running Your Real Estate Business
Howdy BP Colleagues!Which National Bank do you feel is the best for operating your Real Estate Business? I'm looking for a bank that's easy to work with for capturing payments, wire transfers, running financial repor...
Vickie Chambers
Reimbursement for Utilities
Taxes: Where to manually input a Utility Reimbursement that my Property Manager put in Box 3 (other income) of the 1099-Misc? I’m using TaxAct btw.
Donny Hackett
Trying to buy first rental with a HELCO then transfer to LLC
I am trying to use a HELCO to purchase my first rental property but the C.U. i am using said we do not support the transfer into an LLC. How can I still use my HELCO to buy the rental then transfer the rental into an ...
Cassidy Burns
Inheriting Tenants Security Deposit
Hi BP,Quick question, if you purchase a rental property and inherit 2 tenants, how is the security deposit handled? Is the seller responsible for transferring the security deposit to the buyer or is the buyer now lia...