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Good morning!Just wondering if anyone has any thoughts on bookeeping for a Series LLC? Our CPA recommended separate checking accounts for each property in a Series LLC. Seems like there could be a simpler solution w...
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Hello all,I own my primary residence in the Salt Lake valley. I got divorced and began traveling for work. Most of my time is spent away, with housing paid for by the company I work for. My residence just sits, but is...
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We were just pushed for the forth time by the buyers lender since inspection and appraisal. Has other sellers seen this type of behavior from lenders? Without explanation I tend to think it is something negative, but ...
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Hello, Newbie here! What programs do you all recommend for book keeping?
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Hey all! We have been learning accounting lately in order to start off in our real estate endeavors on the right foot with keeping our own books until we acquire several properties. So my question to you guys is: What...
Hello BP Community,I'm just getting started in real estate investing. I literally just made my first offer on a house yesterday. I just wanted to get a quick idea of what keeps all of you experienced people going. ...
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Hi All, I am a completely new to REI and this site. I recently attended my first local REIA club meeting at the suggestion of bigger pockets users. I came back with a few dozen business cards and was wondering what...
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Paid 70k for the house about 2 years ago and its worth about 135k now. It cash flows about 400 a month but its an old home. Figure I would owe about 15k in income taxes. Rent is $1000 a month.Its very tempting to take...
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Hello everyone, I bought my first rental last year in November (2022) but after rehabbing it myself, I did not have a tenant until January of this year (2023) so I did not make any profit to show on taxes. Would there...
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Hello BP Family,
OBJECTIVE
My wife and I want to make our first purchase a multi-family property (preferably a fourplex). We currently rent an apartment, but wish to become owners.
PLAN:
The plan is to occupy one o...