So what is the correct terminology when opening a business checking account when asked what I do? When I answered "Real Estate Investments", it raised a red flag, and it goes to the Legal Dept. for review. I never h...
Hello BP community.....I'm looking for guidance and recommendation for best practice in how to account for property equity and principle payments. Currently for tax purposes, I track all mortgage interest etc, however...
Curious do know if others do their own accounting/tax or outsource to third parties.
Not sure if this is the right forum for this, please move the thread if it belongs somewhere else.I'm very computer literate and I'm comfortable putting in the time and learning new programs. I've been a Quicken user ...
Has anyone come across the Money Merge Account (MMA), which is being marketed by United First Financial?
The idea is to use a HELOC to prepay your first mortgage by timing additional payments. It is supposed to be be...
If the mortgage is in my name and the bank allows me to deed the home in my LLC's name, how do I handle expenses, taxes, and who do the tenants write the rent checks to? This option has greatly muddied the waters for...
Hello! Just wanted to hear from the community and get some other perspectives.
I recently purchased my first home, its a duplex. I plan on house hacking and was wondering if I should open a new bank account solely fo...
does anyone recommend a certain bank or credit union to open an account in for their real estate investment entity? Thanks!
Hello BP. Hope everyone had a wonderful holiday. One of my NYR is getting more involved with REI and BP forums, so here it is.How do you guys manage your REI bank accounts?From what I understand from previous discussi...
Love that RentRedi is now a part of BP Pro...but when I try to use the accounting part it acts as if I need to subscribe. Is it extra beyond the BP benefit?