Mario Morales
"It's not you, It's me" insurance company broke up with me
I got this email from my provider, thoughts on why they called it quits?We will not renew this policy when it expires. Your insurance will cease on the expiration dateand time shown above.Non-Renewal reason: We will n...
Frank Rubino
Buying Real Estate with a Self-Directed IRA
Has anyone purchased real estate using a self-directed IRA? I've read about this strategy but haven't tried it myself.
Mary Joe
Recommendations for auto rent deposit service providers?
Hi All, am trying to set up auto rent deposit with my tenant. What service providers do most people use? Or do you set this up directly with your bank?
I used to use the auto rent deposit service from NAIL, (some...
Vasudev Kirs
LLC for rental property - do I need an EIN/TIN - what is the best way?
Hello,We recently purchased a rental property and created a domestic limited liability LLC (two members - my spouse and I). Title company is asking the EIN/TIN of the entity. Is it better to create a new EIN or is it ...
Kyle Roberts
Banking and Accounting for Single Family Home House Hack
Hi Everyone!I recently purchased my first property, a single-family home in Richmond, VA and am planning to house hack. I'm trying to figure out how to set up the banking for managing the property. I've heard it's bes...
Christopher Erwin
Should I Give a Property Mgr Debit Access to my Account?
A property manager I recently hired asked me to sign a form giving his firm permission to credit my account for rent deposits, as well as permission to make withdrawals as needed. He noted that he has never made a wit...
Account Closed
New BiggerPockets user from Long Island, NY
Hello! I’m Tom O’Sullivan from Long Island, NY and I am the CEO of Residential Investor One, a cooperative focused on providing discounted products and services to residential real estate investors.As I continue to di...
Blake Rumley
CARES Act 401k distribution to fund REI?
Has anyone used the new CARES act guidelines for 401k withdrawal? It’s my understanding if you qualify, the money withdrawn counts as taxable income but can be paid over the next 3 tax years and no 10% early withdraw...
Dale Nuzum
Self Directed IRA LLC
I am looking at doing a SDIRALLC on 100 acres that has just come up for sale. It is all farmland and I would be getting about $15000.00 Rent a year from it which would be put back into the IRA. Who do I trust to set t...
Troy Pauls
Tracking Expense for Real Estate Business Before Business Account
Hello All, I have been working on my real estate business for the last year. However I have not had a business account and have been using my personal funds and Amex for my expenses. So I need help understanding how t...