I understand how private money can work for Fix and Flip and also for a Buy and Hold partnership. Is there a way to use private money for Buy and Hold where you can pay back the private money (with interest) and own t...

Has anyone had experience with Rocket Lawyer? I need to form an LLC.

In BP episode 327, they make the point that if there are flippers in a market, then BRRRR will work. Is this appropriate thinking?For example, let's assume you BRRRR perfectly and refi all you cash invested out of a d...

I am considering buying a rental in the county.Since the water and sewer bills are associated with the taxes at the year end , is there any way of passing these costs to the tenant (is it possible to get a periodical ...

Hey guys, I’m closing on my first property next week. I just got my disclosure forms and saw that my closing costs are right at 8k. The purchase price is 135k, I put down 10k using a conventional loan with 3.5% intere...

Bought a house in a great neighborhood in New Orleans. We paid $142k for it all cash. Started a new company and put the house in that company. We have owned it for almost 60 days. Looking to pull some cash out to reha...

Can anyone recommend a solid CPA that understands the real estate business in Houston? Thanks for any help.

Hello BP Pros. Newbie with first post here. How many types of bank accounts do you use for the actual property management/bookkeeping activities? Do you have a checking account, a separate account for Capex etc, and a...

I just purchased a condo with a month to month renter. She pays on time, no issues with her. But i want to update it and resell it. What is the best way to get her to move out? Raise the rent to a very high rate and e...

Carpet is depreciated over 5 years and new hardwood floors are permanently affixed to the property so it should be depreciated over 27 1/2 years.  What about laminate or engineered wood flooring?  Looking online it is...