I am new to Real Estate and want to do this as a business, my question is do I need to get a business account at my bank? Do I need a Federal Tax ID # fron the Government? 

Hello everyone,What are the collective thoughts on having a line of credit instead of actual cash reserves?I know it sounds ludicrous! Cash reserves are what get you through those times when all the Capex comes down o...

When you have a property under contract and your looking at assigning/selling it what are some question or requests of potential investors? Off the top of my head:funding? proof of funds?       close timeline?    buy ...

I just bought my first property and will be closing next week. I currently have an LLC here in IL that I gave a vague name to and planned on using it to make consulting money. Now, I don't do any consulting any more a...

Hey everyone!

New to BP and overwhelmed by the great amount of expert and advice here!

Im currently in contract for my first Investment home.

Purchase price 153,000, dp= 30,000.

After I pu...

I'm super fired up to get into real estate investment. I've been in banking for a little over a year now as a Personal Banker. In that time I've met more real estate investors than I can count, from single family to c...

If a few of you don't mind sharing, How do you (or your CPA) prefer to setup Quickbooks for rehabs.

Do you use class tracking?
Use a new company for each account?
How do you setup your chart of accounts?

Etc, etc.
...

I am trying to do a better job of keeping my personal finances and my business finances separate. What is the best way to do this? I know I should have two different bank accounts. Currently I bank at the local credit...

Hi all, and thank you in advance for your feedback!  My name is Ron.  I began REI 5 years ago, and currently have 6 houses / 8 units.   I have purchased a couple of these rentals using a HELOC on my personal residence...

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