I was wondering if it makes sense to open up an LLC after closing on a first property?Or would it be okay to simply open up a separate checking or business account to keep track of taxes at first. Do you even need an ...

Hi,I have two properties that I own on my name. Based on some advice, I think it will be better for me to move these properties into their own LLC (reasons - liability protection, separating business from my personal ...

Hey BP, I hope is well in your ventures. I am working on getting funding for my first fix and flip and wanted your opinions on my way in without spending much (or any) out of pocket money.Current situation:Business Li...

Hello BP! I finally closed on my first rental property in Michigan and have what I think is a fairly basic question.

Does a separate bank account need to be setup for each security deposit? Or, can this be deposited...

Hi, I am planning to research and buy rental properties / flip houses. Is it wise to form an LLC or do in personal account. How are others doing this? Any suggestion to a newbie?

If I were to direct deposit money from my 9-5 job into my business bank acct. Would I be taxed on that money 2X....Once for personal and once for the business?Also, would this violate keeping personal money/business m...

Dear BP community,I am thinking to buy a fully occupied small multi-family house.How can I actually check if the tenants are paying their rents?Thank you all in advance,M.G.

We will be looking to secure a traditional mortgage on investment property in a few minutes.  Just wondering if it makes a difference on where we are keeping our available funds.  We have a business checking account i...

Hello,I am currently in the process of buying my first investment property - scheduled to close next month! The property I am buying is a duplex, one side is currently rented and I will be honoring the tenants lease. ...

I am working on making an offer on my first real estate deal, the plan is to flip the house.  I know the profits will be taxed as regular income, and I am trying to figure out if what I am thinking okay. . .  Unoffici...