Jen O.
Buying 2 properties, one loan. How to separate later?
If I buy a house and a lot next to the house using one loan, how do I separate it later? Do I have to refinance? It sounds like a headache, so I'm trying to decide if we should consider 2 loans instead of causing our...
Mark Douglas
Do you have separate bank accounts for each property??
Hello all,I'm on the cusp of closing on my first property ^^ and I want to have as much in place as I can.I know I'm going to open up a second checking account for this first property, to keep it separate from my pers...
Duane Gunkler
Renting to one person vs. Renting two rooms separately?
Curious to hear opinions on the BP Community's experience with rentals. I am under contract on a 2/2.5 Townhouse that I will be renting out. It has a great roommate floorplan with all living space downstairs and two...
Rueben Pacheco
Should I open separate bank accounts for each property?
Just curious as I'm about to start renovating and BRRRR my second property. I'm wondering is it better to just open another checking account to keep it separate from my first home? Than just continue to do that going ...
Billie Joe
Tax Implications of Separating Real estate from Business LLC
My mother and I purchased a rental property last year, we are 50/50 owners. We paid cash for property at 22k, put some work and money into it, and it's been valued by the auditor at around 45k before improvements (how...
Linda M.
tax deduction for for items brought separately from renovation
I purchased a multi unit property ,the renovation was included in the mortgage my question is ,when it is asked on the tax for depreciation the purchase price do i use the sale price of the property or do i use the s...
Craig Schewe
3-family shared basement must have separate locked storage?
3-family residential home with shared basement. Access from backyard cellar door.
Disgruntle tenant claims to had 3k worth of stuff stolen from the basement. Blame's it on other tenant's freinds. Filed police repo...
Varun Parkash
4 Property : Primary/Vacation (Husband-Wife - Separate buy) Poss?
The scenario is as follows:Husband - only on initial 2 properties mortgages with bank. Wife currently does not have 2-year work history & not on mortgage.1. Husband owns 1 property solely and only on his name as h...
Seth M.
Deal Analysis Help- 2 separate SFRs on 1 Lot
Hi everyone,I'm currently under contract for 2 SFR units on 1 deed in Norman, Oklahoma and would value your advice as their are a few elements that are new for me.Analysis snap shot below. Typically we are focused on ...
Sophie Mia
Cost of separating gas and electric in a duplex
Hi everyone,
I am looking into buying a duplex which shares the same gas heater as well as electric.
How difficult and cost intensive would it be to separate those? The downstairs unit is a 1-bedroom, t...