Antonio McGuire
Rent Money, where does it go?
Hi all, I am just starting out. I bought a rental in NC and someone told me that the rent money has to go into a separate account that just is for rental income.... is this true?
Gabriel Novotny
Managing Rental Income
Just curious as to how other folks are managing the rental income once its deposited into your bank account. For instance, are you transferring the "real cash flow" to a your everyday checking account and leaving all...
Valerie Kinkead
Personal Residence Converted to Rental Property--2.37% interest rate--sell or hold?
My husband's job moved us away from family and across the country in early 2022. With the way house prices were skyrocketing in our home state, we didn't know if we would ever be able to afford to move back again if w...
Keith A.
Looking for 30yr cash out refi lender for res property under LLC
Hi All, Wondering since the fed cut interest rates, what the refi rates are now? I know I'm inspired to refi! Looking for 30yr fixed 55% LTV on free and clear SFH detached rental deeded to my LLC... which is a challen...
Andrew Varney
I have an LLC, but how can I / should I use it?
Hello All,After a long time watching and getting life in order, we're ready to start our investing journey. My wife and I are in Sarasota, FL. (a little South of Tampa). I see one of the most common questions from new...
Matt Godwin
New Problem with Using a Virtual Number for Business Communication
Hi BP fam,
Here's the situation, I currently use OpenPhone for all of my real estate business related communications (e.g., talking to buyers, sellers, other agents, etc.) as I want to keep my personal cell phone num...
Mike Chern
How many mortgage do you have? At what number become unmanagable?
just curious, I have 4, I setup auto pay at 1st, 5th 10th and 10theach month.I always wondering if a person has 20 or 30 SFH, that will be one mortgage due like every day each month.
John Franklin
Best steps to convert inlaws home into a rental
In 2020, my wife and I put the down payment and are the Title holders on my in-laws home near us. There is discussions of them potentially moving and was wondering what the best steps are to convert it into a rental ...
Jake Thompson
Bookkeeping While House Hacking Plus Book Recommendations
How would you recommend keeping the books for a property you are house hacking, aka living in one unit renting out the other? I have a separate bank account which I collect rent from my tenants and then I deposit my p...
Rich Moore
Should I LLC for all my investing ventures?
Bigger Pockets has really opened my eyes to so many possibilities and strategies of how to take ownership of my financial future. I'm so thankful for BP and this whole community.I'm in my mid to late forties and loo...