I’m preparing to buy my first rental property soon. My question is about the taxable portion of the rental income, specifically, money that is set aside for repairs, vacancy and capX. Is that money considered as incom...

My partner and I are working on a few more deals and after that we are parting ways due to location change. We bought a bunch of tools while doing work together and don’t know how to split them. I own 60% of the LLC...

Hi, my name is Brandon and I currently live and work in Grand Rapids, MI.To help explain my question I'll provide some background:I purchased my first property in early 2018 (single-family, 4 BR) with the intent of li...

We are currently buying lots of single family homes using private money for purchase and rehab costs and then we're refinancing out with bank money at 75% LTV. In short, we're doing no money out-of-pocket investing, a...

Hi, just wondering when I look at a listing on Zillow it will sometimes say in the description 12% cap rate (or some other percentage). What do they mean by cap rate? How is “cap rate” determined? And what is a g...

Hi everyone. I’m a new RE investor in Oak Lawn Illinois. My focus is rental properties but I haven’t purchased any yet. I’m still in the learning phase and trying to save up money got the first deal. I know there’s wa...

Hi Everyone,I am just getting started and wanted to figure out the best structure to setup my business accounts as well as fund /withdraw from it.  The main goal here is to maintain clean trail as well as minimize que...

Newbie investor here. I was talking to my CPA on possibly taking a line of credit on my primary residence to fund my rental property purchases, which I’m planning to do through a LLC. She said with HELOC, technically ...

We're just about to get our second flip finished up and listed in the next week or so.  So far, we've basically worked with conventional financing and then personal money along with help from family to do the rehab.  ...

I'm back again with another tax question for the CPAs here. I'm under contract for a 4 plex for $320K. I don't have the 20% downpayment, so the bank is financing me a $100K commercial line of credit against a rental t...