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Results (10000)
Katie Cole Leveraging an LLC for Tax breaks - reading, podcast suggestions
26 July 2020 | 6 replies

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...

Rachel Lyle Bridgers Bank Account for Security Deposit
21 November 2020 | 7 replies

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...

David Shifirn Chicago Security Deposit Account Question
11 December 2020 | 4 replies

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...

Shawn Ryan Lump payment for rents
24 June 2022 | 5 replies

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 ...

Mark Sossoman Do I need multiple attorneys?
10 October 2015 | 8 replies

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...

Jill Keller One LLC or Multiple LLCs?
4 December 2022 | 5 replies

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...

Raja Carmi Capital Gains exclusion on 2nd condo sale
20 July 2019 | 5 replies

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...

Justin Kushner Starting Out Setup... Bank Accounts, Credit Cards, Etc.
13 May 2019 | 5 replies

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...

Seshu Yaramala 100 year old multi-family house for rental investing, deal analysis help
7 December 2014 | 2 replies

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...

Vinh Nguyen How to rent out basement and split utility?
26 January 2021 | 8 replies

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 ...