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Hello BP Members, I have a question about the refi part of the "BRRR Method." I am having trouble understanding if I should do a residential or commercial refi. I am buying the property under an LLC. I spoke with a br...
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Hi, I just bought my first rental property. Do I need a separate bank account?
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Hi All!I know this topic has come up before but I read most of the past forums and those asking the question are either asking about a property they paid cash for or used hard money to acquire it. I'm in a slightly di...
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How many bank accounts do you have for your real estate investing? I am trying to decide if it is better to keep each place in a separate account or if that would be unwise?
Thanks,
Shawn
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TL/DR - I bought a 3.5 down FHA Duplex, I'll be living in one side and renting out the other. I still need to pay towards the mortgage, but I'm saving money compared to renting. Do folks recommend: 1. Just deposit ren...
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Hello! I hope this finds you all well. I am in the process of working through a contract for my first flip deal. On the offer I submitted, I checked the boxes to be able to keep the appliances because they are nice an...
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What financial resources have you found to be the best place to secure personal lines of credit in the amount of at least $100K or more? What were some of the conditions you had to meet?
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How's everyone doing, So I've done some research on how to best protect my personal finances when starting my investment career and so far I think I've come to the conclusion that an LLC is the best answer. What are y...
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Hello all. Has anyone actually used Stessa? It was advertised on the last episode of the BP podcast #295. I have 1 property as of now and have been doing little to nothing to track income and expenses. Need to rem...
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Hi, we live in Northern California and are investing in Phoenix. Which bank do you recommend setting up our business banking account for the rental properties with? We could go with the big banks like Chase or Bank of...