Dan Graney
Keeping track of expenses as a new business
I know that I want to move forward and become a real estate investor. I am buying some books, accounting software and incurring some legitimate business expenses like mileage as I look at potential properties.What is...
Hogan Underhill
Organizing My Forms and Documents on a Rental
I just bought a house and turned it into a rental. I created an LLC for this property. My biggest confusion with real estate is knowing what documents I need to file and being organized with my property. I feel like ...
Pat L.
Quickbooks - 1 Rental-Owned in own name vs LLC - Does it matter
I'm both a Quicken user (need to upgrade soon) and a Quickbooks user.We recently purchased our first cash flowing property. If I were putting in an LLC, no question, I would use Quickbooks. But since we currently own ...
Jordan Hamilton
Saved down payment - loan not approved
Hi everyone,I have spent the last 6 months saving about 60% of my income so I could finally move forward with my first multifamily property. I saved 30k and plan on using FHA loan to house hack one of the 4 units (loo...
Aaron Reeves
Using Personal Loan to BRRRR
I'm only a few months into the BP and RE Investing world, but I'm getting the hang of it pretty quickly thanks to all the advice from members on here, podcasts, books, etc. I have my location I want to invest in deter...
Lily S.
North Carolina Properties/LLCs
Polling investors with properties in North Carolina - do most of you incorporate your LLCs that own those properties within the state of North Carolina, or do you opt for an REI-friendly state for your LLCs and file a...
Sean Powers
Book keeping question
Hey guys this is a follow up to my question from the other day regarding whether or not I needed an LLC for tax write offs for a STR property we just bought. I’ve come to the conclusion I don’t. With that being said f...
Kurt Dieringer
Qualifying with a business?
So I finally have the second rental unit. I did a live-in flip, house-hacking a double on VA 0% down loan, etc. Knocked it out of the park, now moved into a new primary home, keeping the double for rentals. Question i...
Nav Madhwan
Should you form an LLC
Question:Should you form a LLC with 2 multi-plexes? Say if you have 2 4 unit apartment buildings 1 A Avenue and 2 A Avenue. Should you form 1 LLC or 2 LLC's? Advice? Suggestions? What is the idea behind an LLC? Thanks...
Kent M.
Pay Loan from Personal or Business account?
Hello!I'm already a few years into a single family home house hack where I rent out some rooms. As I listen to pod casts and do more research I realized I need a separate account to keep things happy with Uncle Sam. I...