Adam Aust
What counts as rental income for tax purposes
I’m preparing to buy my first rental property soon. My question is about the taxable portion of the rental income, specifically, money that is set aside for repairs, vacancy and capX. Is that money considered as incom...
Account Closed
Do your cleaners issue you an invoice?
Hi BPers,I'm in the processing of hiring my cleaner for my first property. Does your house cleaner normally give you an invoice after every clean? Probably for your records, it would make sense to have invoices for al...
Gregory D Coburn
Private loan structure (LOC model)
I am looking for some advice on structuring a private loan. I have an interested party that would like to invest $100k into my business ( I have not yet created a LLC, but plan to). I have discussed some standard te...
Robert Ford
Repairing credit.
So here is the scoop. I am looking to repair my credit I have been working at this for about 2 years now. I have been able to obtain credit cards since my start. I went from having 10+ DAs and a Repo that I still owed...
Kevin Nalley
PayNearMe, Family Dollar, and Ace Cash Express
I recently received an email from PayNearMe they will no longer accept payments from the Family Dollar as of August 10th. That leaves me with Ace Cash Express since there are no 7-11's in Louisville, KY. My tenant ...
Joshua Vallario
Streamlining Processes
I have amassed a mix of flip project and rentals over the past several years, all while maintaining my fulltime employment - it is not easy working 7 days a week. I am now taking on two more rentals and two new flips...
Adam Craig
Do you have a bunch of checking accounts?
Right now I have 5 different checking accounts for 5 different rental properties to keep everything separate. Is this common practice? Seems like when I am at 20 houses, having 20 checking accounts/20 debit cards/ ...
C Martinez
Acounting Software
What software are you guys using to track your revenue and expenses? We have used excel, quickbooks, and recently purchased Peachtree. I started reading the setup guide for peach tree and it doesnt really seem like ...
Mikey Kay
Excel programs to analyze deals
I took a class in financial modeling, but was curious to see what people were using to crunch numbers?
Anyone have a very simple, easy to use model for multi unit 50-200 units?
Or what are you doing to figure out ...
Account Closed
Seek Professional
Hello BP, another obvious & dumb question that i cannot came up with the answer at the moment.If i want to know about using a "Trust" & "LLC" for property investment who do i seek?Do i need to hire 3 different...