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I have a quick question as to how to allocate my umbrella insurance premium to my REI expenses. As the insurance also covers my non-rental assets, do I need to split the cost of the premium for book keeping purpo...
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I've reached the point where I'm ready to partner up! my business partner and I have decided to go in on investing together! I want to ensure we do this right, but I feel lost and stuck! I'm looking for experience her...
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Hello Everyone,I hope everyone had a wonderful day so far.In RPInvesting Book @Brandon Turner says that it's always good start negotiation with 80%-20% strategy(Mean if Property is 100,000 ask for 80,000). But, Las...
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Hello BP Community,Something I have been thinking about recently and would appreciate guidance or thoughts on. This year I will be purchasing a personal residence and an investment related property (2 separate purchas...
How are you setting up your business accounts for your properties? Are you doing 1 account for every LLC? How do you keep things straight and easy? Also, when not using the same institution for both personal and busin...
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I keep here you guys talking about commercial lenders not looking at personal finances just the property but why does all the lenders I'm talking to want my personal finances and a personal guarantee on the loan? The ...
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hello everyone, over the past couple of years we have purchased two single-family homes and also built a guest house on our property. I now have three tenants and I lease part of one of the properties back to my busin...
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Am I, as a seller, responsible for anything regarding a buyers IRA? Is it there responsibility to know what to do legally before we close? Just making sure I am in doing everything correctly as I am not familiar with ...
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Hi guys,I have a question for all of you... I am trying to avoid funds co-mingling. So what is the best way to do it?I have a house in an LLC, also I have a property management company.Ideally would be great not to op...
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I have bought and sold a number of real estate properties and would like to get into the note buying business. I would most probably passing on notes to other end buyers, however, I will also be keeping the good ones...