I was considering taking a commercial mortgage 6 months down the line. Right now I am eligible to take up a residential mortgage, where in I will be putting a 25% down payment. This can either be a primary residence o...
I love maxing out our tax-advantaged accounts (my 401k at work and Roth IRAs for my wife and myself). Usually we have a few thousand dollars each year to invest after we max out these accounts (and it usually just go...
We recently took over managing our properties on our own. My husband and I created an LLC to manage the units. The purpose of the LLC is to separate the income and expenses from the rentals from our personal expenses....
Someone will have the answer. I own 32 units spread across 5 buildings Some are in my name and some are in 2 llc’s Was prepping for my taxes and the single spread sheet for each building is becoming a pain in the butt...
My question is I work full-time and our own properties. Having a difficulty separating the money. I wanted to bank my full-time job income and live by my rental income. Does anyone have a way of tracking all your exp...
Newbie closing on my first property, how do I keep my rental income separate from my personal accounts if I don’t have an LLC and therefore can’t open a business account? Should I just open a separate checking account...
I am starting out from scratch after my divorce and am interested in setting up the right corporate entity and accounting for all of my expenses appropriately. I expect to use the income from flips to grow my landlor...
if my NOl is 15,158 how can i know my percentage?? Bigger pockets says i want a NOl that is between 40% or 50%.
I'm looking to buy my first duplex with a 3.5% FHA loan. Ideally I'd like to buy a property that needs some work - not a complete gut rehab but maybe 20-40k of repairs total.1. Are there restrictions on the condition ...
Hello all, my first post here. Tried searching but couldn't come up with the answer I was looking for. First im looking for an opinion on the legality of my late fee clause pertaining to charging a 5% late fee for 1) ...