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How do you handle security deposits? I know that they are placed in a seperate account, but I am wondering how to account for non-refundable pet fees? Can I treat this as income and move it to my day-to-day checking...
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Hi guys!!!We are about 2.5 years in on our buy and hold RE journey and currently under contract on units 5 & 6!!! When we bought our first 2 units (a duplex) I opened a checking account and 2 savings accounts for ...
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Hello BP community!!I have recently acquired my first rental property and it came with tenants in place. They are moving out in 2 months and all the utilities are in their name. My question is, after the current ten...
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My real estate IRA (PENSCO TRUST) owns seven properties between Sacramento & Redding CA. I'm wondering what options I have to minimize the liability of one property from other properties. Can I LLC those propert...
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Hello, BP families,I do have a multi-member LLC for RE investment properties. Now that I am starting a REALTOR business, can I use the LLC for my realtor business?
Looking at buying a 4-plex in Washington with separate property funds for down payment. Is that possible to do without my spouse knowing about the purchase to get a loan? 40% downpayment.
Or can I pay cash ...
I’ve previously posted about converting my garage into a studio ADU. The new cost to do this was estimated to be around $90,000. Yesterday I received a call from my contractor about a new solution. He has found someon...
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Hey folks, I'm new to BP (first post). I have a opportunity coming up to move a house onto a nearby piece of property I own. The house is 1200sqft 3bd/1bath, it's fully updated (kitchen and bath) has hardwood floors, ...
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I have an opportunity in Missouri to buy five homes but must be sold together it's a block. I'm going to be moving to this town what's my options could I do primary residence or second home and live in one for the one...
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So I am trying to buy this fourplex to move into.They were all assessed separately and on 4 different tax lots. I talked to the city and they sent me a paper I could send to combine them. One problem, I can’t get them...