I recently bought a rental property and I set up an LLC and a separate bank account for it. I rent to college girls and most of them want to pay via Venmo. I don’t want to set up a business Venmo account and lose 2% o...
I recently reached out to a few different hard money lenders to see what kind of loans I could get, only to find out that almost all of them only offer lending programs to LLC's or corporations. Has anyone else ran i...
Hello BP.I would like to know how do you set up your bank account for rental, specifically for efficiency.Here is how mine is set up, and any feed back or tip is welcome:Three accounts1. Trust account for security dep...
Hey guys!
As a new investor I see a lot of articles about different kinds of corporations people can start to house their real estate business. Entities like S-Corps and LLCs are just a few options I've read about on...
I'm purchasing a MF property with a co-worker. We have a 50-50 split, but the title company is asking whether we want co-ownership interest as joint tenancy or tenancy in common. Which one is better and why?
Long and short. I live in Florida. I am buying an STR in Tennessee. My CPA strongly suggested that I set up my LLC in the Tennessee for tax purposes. It has proven to be more difficult to set up than expected mainly ...
Hi BiggerPockets! I'm SUPER excited to have joined the BiggerPockets community. I've been reading as much as I can from this forum for a few days now, and figured I'd make my first post. I'm a cyber security specialis...
Services and experiences are like the new currency , I wanted to start a discussion on how we as real estate investors we can capitalize on this trend. Specifically, I'm interested in hearing about the add-on servic...
I’m looking at purchasing multifamily property in the Phoenix area and noticing a trend of listings with HOA dues covering water, sewer & garbage. Does anyone have experience with this type of setup? A few questio...
For those who are flipping houses and buying rental properties, what are you using to keep track of everything? I’m a little old-fashioned and still use my spreadsheets but I plan on boosting the volume on both fronts...