Max Labo
Separate Bank Accounts for Rentals
I recently purchased first rental property. In the future I plan to transfer into a business, but for now the property is under personal. I wanted to open a bank account strictly for tracking my rental. Any suggestion...
Joe T.
How to account for rental income with Property manager expenses?
Book keeping question - how would I record full rental income if I don't actually receive money from the property manager?
For example - For January I receive $1000 of rental income and incur $1100 for misc expenses ...
Account Closed
US Markets- Boise, ID ; Raleigh-Durham NC; Austin Tx; FL
Hello Bigger Pockets Pro's,My Husband and I have been l doing live in flips in Northern CA for the past 4 years and have had a lot of success and would like to continue either flipping or start investing in buy and ho...
Stephen McGrath
LLC Tax and Debt Questions
Hello BP,
I am in the process of closing on a commercial refi loan on a property. When i had bought the property cash, i had formed an LLC but ended up not using it as i didn't want to roll the property into an LLC a...
Steven Blick
Newbie to Real Estate
Just joined the deeper pockets community after having read Avery Carl's book. Looking to begin investing in STR and hoping I can learn from those with experience in this community. Thanks in advance!!!Steve
Felicia Lulli
Does state location of Real Estate Tax accountant matter?
Hi! I am brand-new to this forum. I am very informally trying to give my mother advice. She has recently purchased an investment property in San Antonio, Texas, her birthplace, where she has not lived for 50 years. Sh...
Sean Weichel
Bank account for LLC?
I have a turnkey rental in Arkansas and have started the process to acquire another. I have also started a LLC in Arkansas. I now need a dedicated bank account for the LLC. Do I need to open a bank account in Arkansas...
Dean Hunter
Passive Investors - What is your minimum ROI?
Multifamily Passive Investors -For those of you here who are passive investors in multifamily properties what is the ROI you are looking for?I am preparing my first offering and want to offer a generous preferred rate...
Alex Kovalenko
Canadian buying property in Florida
HiWe have qualified for a mortgage and will be buying a vacation property in Florida that we intend to rent out via Airbnb when we are not there.to all Canadian investors out there - did you form an llc or lp? What’s ...
Leo Kotschenreuther
BRRRR with All Cash or Financing?
Dear BP-community,I just finished David Greene's book "Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties". Before I had read the book, I was convinced that I wouldn't be...