Nicholas Kitchen
Separate Bank Accounts
I want to get an idea of how people organize their bank accounts. I have 2 rental properties, looking at a third - a duplex. Right now, I keep both rental properties in separate bank accounts from each other, as well ...
Raza Rizvi
Separating Gas Meters
Hello everyone, I am closing on a two-family property in the Bronx this week and I would like to separate the gas meters. Currently the property only has one but I would like to have the gas separated for each unit. H...
Christopher Poirier
need separate LLC's?
I hold rental properties in an LLC, I will be filping houses pretty soon and want to put the flips in an LLC. Is there any reason i should not use my current LLC to hold the flips?
Adam Weisenburger
Keeping funds separate
I just got an offer accepted on my first Single Family House which I plan to house hack. I ran the numbers through the BP calculators prior to making an offer and everything looks great. I'm wondering what tools or tr...
Dave Shellenberger
Separating garage, electrically
I purchased a SFH rental, which has a large deattached garage. This garage currently has electricity running to it from the main house...and I need to separate it, as I will be using it for material/tool storage ...
Michael Romanowicz
Separating Business Finances
Good morning. I am looking for some assistance in purchasing my first rental. I have read the pros and cons of owning an LLC and have been leaning toward not forming an LLC. My thinking is that it will be easier an...
Kyle Inbody
Duplex utility separation
I’m currently looking and negotiating a price on an older duplex for my next house hack. The issue I’m debating how to handle now is the utility situation. There are 2 gas meters, 2 electric meters, and 1 water meter...
Mason Jobst
Same contract? Separate?
So I have a situation just trying to figure the best way to go about it! Need some help!
I have 2 houses both same owner, that I'm wholesaling I'm the middle man. On the other end I have a buyer that wants both shoul...
Neal Collins
Separate meter issues
We have a client that purchased a houses with a basement unit. The utilities, however, are all on one meter inclusive of the house and the basement unit. Does anyone have any recommendations on how to handle this cost...
Jake Lee
Separate checking account?
I have a commercial property and will be buying a rental home soon.Q1. Should I open a separate checking account for the rental home?Q2. Separate credit card for the rental home?Thank you.