All, In talking with various investors, I understand that in certain states security deposits must be maintained in cash, cannot be invested, and accounted for in a separate account. Thus this would tie up tens of th...
Hey guys how do you keep your capex/vacancy/repair/reserve accounts? Do you guys create a different account for each property to keep track of it better? Do you keep different accounts for capex and a different one fo...
So where do the rent checks go when they are cashed (or direct deposited)? Do they go to they’re own checking account per door or do all rent from all property’s go to one account and you manage it somehow? can you al...
Hi guys, I'm looking at going into Tax auctions in Michigan soon. I've been told that there are separate listings to those who deposit 10k refundable than those that do not. I've done flip homes and turnkey doors in t...
My question is I work full-time and our own properties. Having a difficulty separating the money. I wanted to bank my full-time job income and live by my rental income. Does anyone have a way of tracking all your exp...
Hello! I bought a house and have three roommates living with me. I am looking to buy another house in late 2025 to move to and house hack again but I feel like I have info overload!1. Who would I talk to in order to f...
I will be closing on my first investment property in the next coming weeks. It is a 2-family and we will be househacking. We are inheriting the tenants of the 2nd unit. We also will be leaving our SFH to do this house...
Hello Everyone,
For those experts in Fannie Mae guidelines, the 2% sellers assist exists for investment conventional loans. Say I have a fully rented out duplex investment property with the following information:
A...
My business is an S-Corp. My wife recently quit her job and joined my business full-time. We are married filing jointly. Currently my payroll is set up where we each receive a (very modest) salary. Are we over-com...
We had a tenant up and leave after not paying rent for two months. Subsequently, we just received a notice of violation with the Chicago Department of Buildings that list a handful of exterior items and mold in that s...