Shahil Keshav
Additional payments on your rental property mortgage
Hello All, Any strategies on how to approach making additional payments towards rental property mortgage? Monthly extra payments?Lump sum payments once a year?Start a high yield savings account, CD, money market and u...
Ethan S.
Which creditcard would you recommend to have?
I am looking for a new credit card. I have a nearly perfect credit score. I'm just wondering which card to get. I've been told to avoid cards that have annual fees and look for a card with high cash back rewards. I no...
Brandon Sarrett
First Duplex Questions
Hello,
I am under contract on my first Duplex. I used an FHA loan but I am concerned about accepting rental payments into my personal bank account. Should I set up an LLC, open checking account in business, and us...
Jad Alomari
Section 8 landlords… help.
I’m getting into the Detroit market and looking to rent in Seciton 8. I am trying to run my numbers but I just can’t seem to do it because there’s not enough information online. What are the taxes like for 60-100k hou...
Ayodeji Kuponiyi
Analyzing Apartments, am I missing something?
I'm sure someone can help me with this. I've read many books on commercial and multi-family properties. I understand using the 1% rule of thumb to see if a property is worth looking into deeper as well as the 50% rule...
David C.
Multiple LLC naming..?
For those who have made individual LLCs for each of their rental properties, have you adopted or recommend a particular naming convention? Address/Street Number, LLC, etc.? I am curious. Thanks!Dave
Mary Jay
Please help with Funds co-mingling
Hi guys,I have a question for all of you... I am trying to avoid funds co-mingling. So what is the best way to do it?I have a house in an LLC, also I have a property management company.Ideally would be great not to op...
Rudy Hernandez
Do you invest in IRA and/or 401k any more?
Hi BP members
Hope all is well.
I am curious to gather collective thoughts and opinions on IRA and 401k investing. Some people believe they should continue due to company matching as well as invest in IRA for tax s...
Nick L.
Target Annual Rental Property Insurance for SFM up to 4-plex
Hi all!Can anyone help provide a reliable target and/or range for annual property/landlord insurance premiums for a SFM, duplex, 3-plex, or 4-plex?I am in the early stages of evaluating multiple properties, so a littl...
Mark Forest
Fix up costs
I am spending a fortune at Home Depot to get my rental house up to use. I understand I will add the cost of the new roof to basis, but do you all really add costs for leaky faucets, broken bathroom fans, nonfunctioni...