Phil T.
Where do you keep your reserves?
I'm working on buying my first buy and hold and am trying to figure out the best way to work bank the accounts. I plan on creating a checking and a linked savings account specifically for RE. I was figuring I'd have...
Caesar Valle
is 741 possible?
I have a question. So this past year I've really come around a long way with keeping up and mantaining my credit score. I'm kinda young and made a few mistakes with my credit cards. Who doesn't? So I had about 3 ac...
Kayla Bassett
Rental bank accounts?
Hey folks,I am full speed ahead to close on my first duplex in mid-January. Will be utilizing this as a house hack. I need to get my banking situated for property expenses and am looking for suggestions on the best wa...
Derek Larson
Tracking Expenses with separate credit card for tax only
I just got done listening to an episode on "Get paid for your Pad," They had a tax guy on there talking about tracking your deductions.
1. Shoe box of receipts. (not so good)
2. Spreadsheet (Better but messing a...
Account Closed
Beginner's beginners guide #3- Credit Score
Okay this is THE most important and slightly lengthy topic that confuses and baffles most, but fear not! For I shall attempt to simplify this topic as much as I can for those starting out to help in building a better ...
Emily Liu
Should I accept this tenant?
I have a townhouse for rent. The rent is $1300 per month. She has a credit score of 747, and has a yearly income of about $100k. But she also has “recency of a balance over limit on a bank card account”, “bankcard acc...
Mike M.
How do you have your bank accounts organized / set up?
Hey guys I'm wondering if there is a way I can increase my efficiency or improve my money management system the way it is. For those of you that have full time jobs (non real estate) and do this on the side - how are ...
Tami R.
CREDIT SCORE...
Quick question... I just got my free credit report for the year. I have a question regarding revolving loans. I only use about 3-4 of these cards, should I close the cards I don't use or would it hurt my credit score?...
Trevor Ewen
Generating Cash on the Side
Really enjoyed the most recent podcast with Fat Tony. Personal finance and saving should be a larger component of the REI discussion, and it seems that Tony got started with a lot of good saving and living habits. So ...
Tyler Durbin
With Multiple LLCs - master bank account or individual accounts?
I have 3 rental properties all in individual LLCs. My intention is to continue to add to the number of total properties over time. Which LLC/bank account structure is best practice?A) All LLCs have their own bank acco...