Dylan Bruner
Private Lender, Bank, Lawyer, Accountant: Where to Start?
I just purchased my first home last year. This was not an investment property, just a place for me to rest my head. I had a goal to buy an investment property by the end of the year (or next year due to, well, you kno...
Pete Sailhamer
Private Lending Payments directing into Lender's Bank Account?
I bought a property using private money, and I would like to electronically send the monthly payments directly into the private lenders' bank accounts. I would prefer not to use a third party site (ie Dwolla, etc) wh...
Robby B.
Tenant Security Deposits Need to be in Savings Account???
I have been investing in real estate for about 4 years now and now own 12 rental properties. I do a pretty good job of keeping the units full, but obviously we all have some short term vacancies here or there. Well I ...
Michael Albert
RE Accountant Needed for Personal and Private Equity Work
Hi BP nation,
I'm looking to hire an experienced RE Accountant as an advisor and tax preparer for a new RE Private Equity firm that I am founding with my business partner. We plan on investing in Commercial Real Esta...
Cameron Riley
Do you put security deposit into private escrow account?
- Just found out, tenants are eligible to receive interest on their security deposit ( most likely a few bucks, if that lol ) but they can make a whole case out of it - PA law states, must hold security deposit, in es...
Ryan Herald
Closing on a Rent to Own, how do credits come into play?
Before I begin, yes I do plan to talk to an attorney at a later date. I would just like to better understand the process first.I have several properties that I rent out. One of the properties is further away from the ...
Kyle J.
How do you account for interest paid to private investor?
If I get a loan from a friend/family member/private investor, how do I account for the interest on the loan I pay to that investor? I know if I were borrowing from a bank they would issue me a 1099-INT form at the en...
Christine Kielpinski
Can a private lender create an impound account for home buyer?
Hi there,First time posting! We're in the process of closing on a house for our employee of many years. We are acting as the bank, setting up an installment note tied to deed, etc. What is unusual with this one is t...
Corey G.
Revocable Trust with Rentals in Separate LLCs
Hello everyone. I own 5 properties. One personal, 4 residential rentals. I do not have my properties in LLCs yet but went to speak to a real estate attorney today who suggested that I create a revocable trust and then...
Timothy W.
House Version of Obamacare gives Government access to your private bank account?
Can anyone confirm or refute this?
I received info that in the House's version of nationalized healthcare, HR 3200 page 59: 21 is says that the legislation will ‘‘(C) enable electronic funds transfers, in 22 or...