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I have a DBA, I'm not sure why. :) I was advised to open a DBA in order to pay my kids for helping with the rental improvements, lawn care, property management, etc.Do I need one? How does it help? What is the BIG I...
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Hi Everyone! So I purchased a multi family a couple months ago and I have a tenant signing a lease this week for one unit. I have never done this before. So with a security deposit, I know I need to put it in an inter...
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Hello BP! I finally closed on my first rental property in Michigan and have what I think is a fairly basic question.
Does a separate bank account need to be setup for each security deposit? Or, can this be deposited...
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As a real estate investor, what seems to be the best overall business credit card for rental property expenses? Current credit score - 800.
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I only own 2 units thus far. However I plan on purchasing more. I'm a travel nurse and my family helps out as needed. I don't want them collecting rent and then driving both checks to the credit union to pay. Any ...
if the rental property is no debt, and get a cash out refinance, the interest I paid on the cash out refinance, is it tax deductible on this property ? CPA said the cash out is tax deductible if the cash I get is use...
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Hello All!
I am new to the real estate investing game and I just bought my first SFH. I have been in the military for 15 years and was slow to realize the opportunity losses I was taking every month by paying rent a...
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I love automating my rental business. Here is a short list of what I have automated so far:1) Showing pre-screening: After getting some ideas from other Bigger Pockets users, I automated gathering information from pot...
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So I currently own 1 rental property and my fiance and I are looking at this Quadplex. The seller agreed to a $75k selling price which is a really good deal. I use to live in one unit out when I was a traveling ther...
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Hi all! I'm in the process of purchasing a condo in Davie near the school I'll be going to (Nova Southeastern University). Its a 3BR/2.5BA townhouse. I'm looking for a roommate to help cover costs. I have a lead o...