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New investor here in the north east Florida area. Currently we have a property with a lease signed for November 1st and have just purchased our next BRRR property. I am looking for recommendations for a lawyer in Flor...
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Hi All,
First I will start of by saying I will reach out to my accountant but I wanted to at least know what to ask and have an idea what I am talking about....maybe with tax I am dreaming...
My question is, I have ...
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So I'm estimating expenses and trying to figure out the 50% rule. I'm an experienced flipper, but moving to buy and hold. I understand the need for CAPEX reserves (5% of GOI) and property management (8% GOI), taxes,...
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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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Hi All, I have a question about the best way to follow the rules when partnering with investors and paying them a % of profits. My plan is to partner with investors, buy homes, get them rented and then do quarterly pa...
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TL;DR- What is your favorite checking/credit card combination for managing your rental properties? Best perks, rewards, security, etc.Good Morning!I have a single entity LLC and I allocated an old personal checking ac...
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BP Gurus,
I need your expert advice on forming the company for my rental properties. I am very confused right now. My attorney is telling me that lets open the series LLC and move all the rental properties to...
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Hello everyone,My brother and I are in the middle of our first house hack in Massachusetts. We have the house under contract and everything has gone through except now we are stuck at the appraisal. It is a deeded two...
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I am going to be doing a FHA loan at 3.5% down for my first property. Most likely a 203k loan. I have always wanted to take advantage of the low down payment and invest in a multi family unit - house hack. Unfortun...
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I'm looking at creating an LLC for some general real estate investing, however, it's a little daunting to ensure I'm doing everything required. Is an EIN necessary for single member LLC? Is a bank account set up in ...