Wondering how people set up their bank accounts. My lawyer & accountant said to have separate accounts for each property and not to transfer to personal accounts. I'd like to follow profit first method of banking,...

Hi,I am gearing up to transfer my rental properties into a single member LLC.  These properties have mortgages in my name.  I am aware that the lender could call the mortgage due but it seems to be extremely low risk....

What is your experience and heads up on doing this?
Do we sell the SFH to our own SMLLC , if so do we sell for county/city appraised value on their records? or market value?
or do we just submit the transfer documen...

Looking to buy 2-4plex and live in one unit and then branch off from there. How do I get my first property in My LLC since its going to be my first property? and does living there affects anything? thanks 

Hey guys,Just looking for some knowledge from someone with experience in this arena. I have an llc in which I have been purchasing properties through already, however the banks usually charge 20-25% down payment when ...

Can anyone offer advice on how/where to set up a dedicated REI bank account(s)? Should I ask about high yield savings accounts or just keep all REI cash flow in a separate checking account? Does each property need its...

I own a 2 family home in NYC- created and bought the house in an LLC. I live on one side and rent the other side. I am now about to close on a single family rental property in Philadelphia. Buying it all cash and hope...

My business partner and I are in escrow on our first investment property, in Pittsburgh.  It's a single family home that we're gonna do long term rentals on.  We close in about a week, but our biggest mistake was not ...

Hello. What are your thoughts on mailing a receipt every time rent is received? I have a resident complaining that I don't mail one after explaining that her cancelled check or money order stub is proof of payment. I ...

hello.
I had a property under my name transferred to a LLC. The real estate taxes bill have changed to reflect the LLC. Now I need to start making mortgage payments, and was going to write a check from the LLC. Will ...