Hello good folks of BP,My wife and I will be closing on our first owner-occupied rental property (duplex) in May 2019 and I'm trying to do as much up front leg work as possible to prepare for us being new landlords.  ...

I have seen a few threads on narrow topics related to the use of HELOC for funding investments in an LLC but I wanted to ask zoom out a little seek some general feedback on what is likely a common situation.  As an in...

I found a multi-family property on the seacoast that I would like to buy. Let’s not put the cart before the horse, I want to have it under a business LLC. I was wondering with each property that you own do you have it...

Hi guys, I'm new to the BP. been to the sheriff auction in Dallas few times and bought couple of properties through the sheriff sale (the ones behind their taxes - most of the cases start with TX-)I have seen some cas...

Hey there. I am interested in the rental buy and hold approach to maximize cash flow. I have been reading a lot of books and listening to a lot of podcast about the subject, and I already own 9 rental units (SFR's &am...

I own 12 rentals at this time and always looking to add. I am looking for the best way to collect rent and keep everything organized. Thought about mailing, but then the tenants say they mail it and I don't receive...

Hello BP Community!  I recently started renting out 2 of the 3 rooms in my house to tenants.  I also created a business account for myself where I put their security deposits and monthly rent.  I calculate out the uti...

Hi All, I am in the process of closing on two SFR's in upstate NY. I am putting them under the same LLC. I was wondering if I could get some advice about the following:1) How should I set up bank accounts for these? 2...

Hi,     I am screening a potential tenant who owns his own Drywall company (in a verified LLC). He does not have paystubs but has provided the last two years of bank statements for me to verify his income. His income ...

Our LLC owns seven properties in St. Louis: 1 single, 2 duplexes, four 4-plexes. All have mortgages. We are selling our primary residence, located in California. We will be netting a lot of after-tax money from this s...