I just closed on my first deal consisting of two duplexes next to each other but they are on separate parcels. We did do two separate conventional loans which was recommended by the lender. I know there are a lot of o...
My lender is requesting a CPA comfort letter. Has any had experience with a lender requesting this type of document from their CPA? Has your CPA been reluctant to provide such a document due to the perceived liabilit...
Hey folks, long-time/first-time!I'm fairly new to "the game" with one property in Murphy, NC and not quite 4 months of operations under my belt.Tax season is coming up and - as a newbie who is not yet cash-flowing (we...
Hi, I have 17 unit rentals and I have set up a S-corporation acting as property management company. The average property management fee in my area is 10% of the rent collected. How much should I pay to my corporation ...
OK, this sounds like a silly question but I really want to know if this is necessary and why. We have 19 accuired 19 doors using the BRRRR method mostly. 4 duplexes and the rest are SFH's. Wife has spend many MANY hou...
So, I hate clutter. The only thing I hate more than generic clutter, is paper clutter... so I became a landlord, since that obviously meant I wouldn’t have to deal with paper. I own a couple rentals in Oklahoma City,...
Hi,
Just starting out as a landlord (with a single property), and wondering what the best way to set up finances is. I currently operate out of my personal bank account, but was told it's a good option to set up a se...
Hi, everyone. We've been reliant on Airbnb and VRBO for renting out our STR in Vermont ski country.We've had success to date, but after listening to BP's Real Estate Rookie Podcast episode 680, the guest Mark Simpson ...
Hi guys -Looking for some quick advice - Would you use HR Block/TurboTax over a RE Tax Preparer if you were a small "start-up" in 2018? Why or why not? Thanks,John