Sean Thompson
Llc flow through question
Hello . I'm just getting started. Currently have one property. I'm wondering how to best maximize taxes while staying legal. --
I know that businesses don't get taxed on their expenses, only the profits. From that sta...
Dave Holman
Spending for an LLC before it's created?
I'm buying a house with partners. It's under contract and we filed for an LLC which should be approved any day now that we're assigning the contract to. We've been writing personal checks and spending $ for inspection...
Ari S.
Paying vendors electronically
Hello BP!
I have been driving over to physically give my contractors checks but want to set something up electronically.
What are the best services folks have been using? Venmo?
I like to pay my contractors quickly ...
Jeremy Blackman
How to manage receiving money from tenants ?
My first rental property and lucky to inherit ok tenants. How should I collect and manage the rent received? Should I get a separate bank account, is there an application, pick the money up or have them deposit it to ...
Corey Duran
How do i pick a bank to use for my new real estate L.L.C?
I recently established my L.L.C. To begin my journey of real estate investing and rental properties! However, I do not know what BANK to use! I am a Veteran and I was thinking of using Navy Federal or USAA for my busi...
Jessie Xu
Bank accounts without an LLC
I'm currently mixing rental transactions with my living expense in the same account. I really should stop doing that, but I'm not in a plan to set up an LLC. How should I properly set up my accounts?Should I just open...
Brian Sherman
Book Keeping on a house hack with my fiance
Hey gang! My fiance and I just got our first house and we are planning to convert a section of the house to an auxiliary dwelling unit and rent it out. We started a shared bank account and are on our way to setting up...
Youssef Fahmane
Bookkeeping Recommendations and Strategies
Hi everyone,
Me and my team are still learning and we would appreciate if you can give any recommendations on how you go about your book keeping. We have QuickBooks but it takes us a lot of time putting in the detail...
Account Closed
BRRR - How to handle cash out refi check? (more inside)
Hi guys, I just performed my first BRRR. The house purchase was around 15k, rehab around 15k, and cash out around 45k after 75% arv @ 4.5% under my own name. During the mortgage application, the bank was very weary o...
Nik Divakaruni
Recommendations for Bank
Hi BP,I currently live in California and invest in Pittsburgh - we have nearly 60 units in the Pittsburgh area. Currently, we use a property manager (and subsequently their merchant bank account) to manage our financ...