Philip Hy
How do you live off your cashflow?
I've never heard anyone on any podcast or webinar talk about the mechanics of how they live off their cash flow. Do they have a bank account for each property? Or does it all go into a single bank account? How much, h...
David D'Ambrosio
Pro Forma Evaluation
I was wondering if anyone had input on the percentages to use when evaluating a pro forma for a rental property. Specifically the vacancy rates and maintenance rates I am seeing are 5% each for Orlando and Indianopol...
Paul Ellington
Should I Create a Rental Property LLC?
My wife and I currently bought our first SFH and kept our condo as a rental property. We require our tenants to have renters insurance and we have a homeowner's policy with an umbrella policy to ensure we are covered...
Michael Hayworth
Some 1031 Exchange Questions
I've read some online resources but still have a lot of questions. Here is the first batch of questions:1. One intermediary my CPA recommended says this on their website:
[First, set up an account] "Second, via an e...
Claude Hodge
Start-up capital deduction?
Hey everyone! Been a while since I was on. I want to know what to expect come tax time. I started my L.L.C., and have a business checking account for it. For the entire year of 2009, I have been and will continue ...
Bienes Raices
Treatment of rental application fees (tax, LLC)
I'm taking applications for a property owned in an LLC. They are always in cash. Do I need to deposit this cash into the LLC bank account in order to do things the right way in terms of the LLC, or is okay to just kee...
Hector Sapinoso
Tax impact of building up reserves for capex/deferred maintenance
Hi BP,I recently had some questions about estimating for capex (link below), and that got me thinking about taxes. If you add in a certain expense on your P&L for building up capex or deferred maintenance reserves...
Jason Small
Cash on Cash Return Calculation
Hi fellow REI's, I don't know why it seems difficult to find clarity on this question. But when calculating CoC return, would I include the taxes paid as part of my cash to close? If so, doesn't that skew the CoC calc...
Bac Nguyen
FCI Servicer New Low ...
I have used FCI servicer in CA for the last three years to servicing my 2nd loans. Well, as you might already know (if you investing in NPN) that no servicer is perfect which I am OK with. In 2014, I have a 2nd loan ...
Corey Owen
Adviced Needed on Proof of funds from a private money lender
Hello BP Community! Once again I am in need of some advice. We have private investor that wants to back us on our next rehab project. Is there a way to show the investor's proof of funds on our behalf when submittin...