Ryan Duffy
LLCs, Bank Accounts, and Self Management (STR Property)
Hi all,I am closing on my first investment property in the next few weeks (state of AL for reference) and would love a bit of advice regarding the best way to run the STR business. I am purchasing this property with a...
Ursula B.
Two Sources for Non-Conventional Financing
Good evening everyone:
I mentioned in another thread that I found a credit union that would do business loans backed by real estate. Here's the thread: http://www.biggerpockets.com/forums/311/topics/123956
...
Rebecca Myers
Adding vendors in Quicken Property Manager
I just bought Quicken Property Manager. Not sure how well I like it. I cannot figure out how to add vendors. I have all my buildings and tenants added, but can't figure out the vendors.I would very much appreciate...
Devin Bost
How to market to SOI without damaging relationships
I've heard countless people talk about the value of their SOI, but I'm just getting started, so my SOI primarily consists of my friends and some colleagues. These are relationships that I don't want to damage... I don...
Lukas Smith
Options for investing without a W-2 job and a little money.
I'm 25 and currently living in Pennsylvania. I dove into educating myself on REI about 6 months ago and set a goal for myself to buy my first property by the end of 2021. Unfortunately, (or maybe fortunately) I am lea...
Pratik Jhaveri
Can you pass through rental income loss using an LLC?
Hi,I'm in the process of closing on a MFH and am getting mixed advice from two CPAs (one of them is my current CPA). At this time we are going to take title as individuals as one of the units with be owner-occupied by...
Fabi Bani
How “Recession-Proof” is a Property Management Business?
I'm wondering What segment of real estate business is recession proof? Would a property management business thrive in recession? If not, what would be ideal real estate business during recession?
Jason Schlafke
Help! How to set up the tax structure
Hi, We currently manage a few vacation rentals on Airbnb in both CA and NV, (3 in CA and 2 in NV), and we're acquiring a hotel in CA right now. We live in NV.I did some research about setting up LLC/c-corps but still ...
Brad P.
Talking with Local Banks...
My partners and I have our first two meetings with local banks tomorrow afternoon. The main topics will be establishing a business line of credit and/or construction loans.
We have one successful flip under our be...
William Downey
Managing / Organizing Finances for Flipping Business
Hi All,
I was hoping to get some perspective on how you have organized your businesses finances primarily when it comes to running a fix & flip business.
Generally I'm wondering what account types I should have,...