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What are your thoughts on getting a hybrid rental situation out of a house? Let’s say I had a 3 bedroom SFH with a studio unit in the back (separate entrance). I want to live in the SFH portion and house hack the stud...
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I recently purchased a duplex which is now completely vacant. There is a water heater and washer/dryer hookup for each unit. I purchased a washer & dryer for the bottom unit, hoping to relocate it to a common are...
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I just bought a duplex and got a renter for the other side. My new tenant is asking to pay his rent in advance, in installments, before it is due. He says it's easier for his budgeting.I see no problems from my end as...
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I have a home that I bought while I was active duty. I lived in it for 2 years prior to turning it into a rental property. After I moved out, I separated from the military. I am past the 5 year mark since living in it...
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Investment Info:
Single-family residence buy & hold investment in Washington.
Purchase price: $595,000
Purchased as my primary residence with a VA loan. I house hacked it for one year, then converted...
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Hey all, I have a question. I'm not looking for legal advice, but more of a point in a (any) direction.If you have two separate, standalone units on a single A-2 parcel, can you sell one unit without having to subdivide?
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Some time ago I opened a business checking account to separate out my rental income and expenses from my personal income and expenses and because I thought that, from a tax perspective, my rental activity would qualif...
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Good Afternoon, I currently own several small multi family buildings, each with multiple hot water heaters (one for each unit). There's one water meter to the city on each property. I'm paying the water bill for al...
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I am looking to set up an account at a bank different than my personal one for rental property expenses/income and savings. However most places are saying I need an LLC In order to use the accounts for a rental proper...
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Hello BP,I use Quickbooks online for my drafting business & was wondering how self-employed people set up their books for their personal finances, personal business & a rental, or two, or ten...I was told Quic...