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Looking to buy single family property in Indianapolis area. Having trouble getting financing from few mortgage company’s already. Good credit, pay stubs have 20% cash to put down. But being that I’m from Hawaii and bo...
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Hello Everyone! Thanks in advance for the read and/or advice. I have been trying to figure out the questions below both on my own through research and also by contacting some advising firms but haven't came to a concl...
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I am hearing for taxes, financing, and legal organization that creating a checking account for each rental property is advised. I want to start organizing my self properly now as I am just begging. I am concerned that...
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Hi all!
Just got a great deal on a place in Raleigh, NC, cash buy. Just got a quote from the RE agents recommended law firm and I’m looking at nearly 3500 in closing costs, more than half of which go to the attorneys...
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I'm doing research on self-directed IRA's and just read in a blog that an investor can use funds in a SOLO IRA to purchase investment real estate just like one can in a self-directed IRA but WITHOUT the fees. Is this...
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Does anyone do their own accounting? I'm trying to set up "asset" reserve accounts for Vacancy, repair & maintenance, and cap ex. how do you do this or are you accruing your expenses? How do you save for the expen...
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I'd like to know what the general consensus is on using tax software such as Turbo Tax Premier vs an accountant.
I searched for a question like this already and found someone asked it a few years...
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Hello BP community,
I am seeking some advice when it comes to accounting of my DIY shopping habits.
Over the past few years I have been shopping at Home Depot with my personal credit card(2X cash back on all purchas...
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When doing our first flip project, we purchased the home in our personal names. We used money from our LLC account for the purchase, but IIRC the actual cashier's check to title company was in our personal names. We ...
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Hi BiggerPockets Community,
I'm having trouble managing mortgage payments for my rental duplex property and could use some advice from those who have dealt with similar situations.
Background:
The mortgage for our ...