Colin Williams
Separate accounts for each property
I read on another post someone suggesting using Ally Bank fire their accounts for each pretty because they offer "buckets" within each account to keep track of funds.I was wondering if there is a particular financial ...
Brooke Contreras
Missouri Real Estate Agent internships
Currently enrolling to obtain by real estate license in Missouri. I’m hoping to make some connections while still living in Texas to prepare myself for the market once my husband and I move home to the Kansas City are...
Joseph Svehla
New Jersey Fliiping Taxes
On average how much do flippers in New Jersey pay in taxes? I’ve read that you only have to pay an income tax if it’s your soul income, that seems too good to be true.
Karan Rekhi
Would taking Covid Forbearance impact future loan approvals?
Despite no credit bureau reporting, a future lender's underwriter can easily figure out i was in forbearance looking at my bank and mortgage statements.
David Stefanovic
Asphalt Paving and Parking Stripes Needed in Northwest Chicago
Hello BP, looking for referrals as I need to find someone who can do asphalt paving and parking stripes for a small parking lot area that contains 5 parking lanes at a multi unit building in Northwest Chicago. Looking...
Justin O'Malley
House Hacking - real costs of sharing your home
Hey folks,
I am preparing to purchase my first property and I'm looking at single family homes and renting out room(s). Learning about tax implications and I have seen that is you rent out a portion of your home you ...
Cassidy Burns
How should I handle my $$/bank accounts
Hey BP,
Quick question:
Any suggestions on how to manage rent and cash flow? I have started a new account where my rental mortgage payments are being made out of and where my rent checks are being deposited into. Sh...
Winston Nwanne
Do hard money and auctions mix?
I’m looking to pick up some properties from the popular auction sites but was curious if the process differed (from the perspective of HML) on the financing. Do HML typically still cover 80% of purchase and 100% of re...
Joey Copper
Why Self Managing Investment Properties is CRAZY
One funny thing about people is that while we are almost always well intentioned, we seem to do a lot of things that are just plain crazy. I, for example, still prefer to eat my oranges by dissecting each into their i...
Brock Jenkins
Cap Ex Fund Accounts
When having multiple rental properties how do you separate you CapEx funds?I feel like it can get dangerous having all properties savings in one account, but I feel like there has to be a better way than having a sepa...