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I'm brand new to real estate and hoping to make some moves in 2021. My husband has an active LLC for his side business, but I am curious if anyone can recommend any books, podcasts, or other material so that I may und...
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Hi,Legally, are you required to have a separate bank account for security deposits? If your bank has a minimum balance is it alright to put personal money in the account when you don’t have security deposit money in t...
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I own 5 units. 1.Do I need to keep each individual security deposit in a separate checking account?2.3 of the units are in a 3 flat. Can I keep those together in one checking account?"Intermingling funds" makes this c...
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I’m new to this and it’s my first property. I own a house free and clear just finished everything but repairing the front porch. Valued at 320k 10 year old 4 bed 2 bath single detached garage. Rents for $1900 tenants ...
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I am moving about an hour away from where I currently live. There's a good chance I'm going to be holding onto my current house and turning it into a rental. I guess that would make it my first investment property (ye...
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Hello,
I have a 3 properties under my personal name that I'm looking to move ownership to an LLC. Should I get 1 LLC per property or one LLC for all 3 properties? I know multiple LLCs would mean more complicated taxe...
Facts:1. Condo 1, titled in my name, bought in September 2013. Been living in this condo since (almost 6 years).2. Condo 2, titled in wife's name, bought in September 2015 and sold in May 2019. Wife lived in the condo...
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Hello, BP Community!I am close to acquiring my first two SFRs in Alabama, and will be adding one in Indy shortly for a total of three.While this is very exciting indeed, I am now getting overwhelmed with the concept o...
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The house I am looking to buy is in Stratford,CT. The details are below, I would greatly appreciate any inputs from BP members whether to go for it or not.House is built is 1915, but many mechanicals are updated recen...
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Hi,
I am interested in buying a house as rental property. It has 2 kitchens: first floor and the basement. The basement leads out to the back yard as a separate entrance. I would like to rent it out to two separate ...