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Results (7419)
Kevin Greer What are best practices for Rental Security Deposits?
4 September 2014 | 6 replies

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...

Mahmoud Y. Elhalawany How do you guys keep your capex and reserve accounts?
24 March 2019 | 10 replies

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...

A. Maldonado Where the rent checks go?
17 November 2019 | 5 replies

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...

Jon Huynh MLS Tax Auction Help
14 August 2019 | 2 replies

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...

Ted S. Budgeting rental income and job income
26 October 2018 | 7 replies

 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...

Kiley Harris House Hack taxes/reporting
16 May 2024 | 3 replies

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...

Michele Granata Who to turn to for experienced advice?
9 June 2023 | 9 replies

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...

Brandon Cao Fannie Mae 2% Sellers Assist -- Security Deposit Included?
18 May 2013 | 2 replies

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...

Chase Hoover S-Corp - Should I pay wife separate salary if we file jointly?
15 November 2020 | 2 replies

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...

John Casmon Tenant Left and Filed Buildings Claim
9 September 2016 | 11 replies

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...