I'm borrowing money from a private money lender to close on a quadplex. He mentioned he will transfer the money to my account and not the title company. Is that okay? Also this is my first time with private lenders. W...

Hi all, I finally purchased my first rental properties this past Fall after researching and learning for the last 6 months. I have 3 properties (2 sfh and 1 duplex). Now I’m ready to setup my quickbooks so I don’t hav...

I filed a small claims case against a contractor. The contractor did not show so the judge ruled in my favor. I didn’t want to ask the judge but...how do I go about collecting the payment?I’m concerned I won’t get the...

I am about to close on my first rental property. I am planning to create an S corp from the advice of a CPA. My question is, I've been searching for 5 tradelines for my new corp to get Paydex credit. However, I think ...

I am having issues with my HOA company.  Is it normal to have the water bill and the HOA on a single account that the HOA management company uses for accounting purposes?   My tenants are responsible and pay the water...

i do that for a few clients
its a combination of a few loans from 20-100K and they add up

Hi BP,Started picking up rentals late last year and have 1 Condo that is currently rented.  I will be picking up another 12 rentals this month and likely a few more by years end.   My condo currently is under Company ...

What are the caveats and how do you structure escrow accounts for property tax and insurance?

I'm selling a home that I own free and clear. I'm creating a new 30 year note, contract for deed. My buyer is finding t...

Hello everyone,I currently work for a large REIT in Cleveland, OH as a development accountant.  I also work part-time as a realtor and help a small real estate company on the side.  I'm currently looking for find a re...

Hi All,My husband and I recently purchased our first property, a duplex.  We are in the middle of renovating it.  My question is: Once we get through the BRRRR process and we begin putting money towards vacancy, repai...