Peter F.
Where to keep rental income / AFEX
Hi Guys,I'm an Australian looking to get into buy and hold in the US market. How do people handle cash over in the states with bank accounts being so hard to get for foreigners? Should I bite the bullet and fly over j...
Kellen Driscoll
Partnership advice on multifamily deal
Hey BP,
I am currently looking to partner on a small multifamily deal with a friend. Basically my friend will put up the money for the down payment and I will handle everything else. My question is how should I handl...
Luke Carl
Looking for an App or a Bank that will peerage finds
Funds come in direct deposit in to bank account A X Percent stays in A Y Percent goes to B Z Percent goes to C B and C have the option of being Checking or Savings. Is there a bank or an app that can make this happen?...
Michael Shepherd
LLC collecting rent - For an out of state investor
Hello, I'm an out of state investor who lives in CA and invests in MI. My current entity structure is that I have a WY LLC as my Mother company and a MI LLC as my real estate holding holding company in MI. However I h...
Haickel Padron
Hsa investment question
I have an HSA thru my job. If i transfer money from that HSA to my bank account is considered cashing out? What kind of 1099 they will issue? I want to invest it in my own bank with interest but how can I show to the ...
NA NA
Series LLC flow of money
Hi,
Imagine the following setup:
->TexasSeriesLLC that holds no assets and serves as the "parent" LLC, single member (me), member-managed, has its own EIN and bank account.
---->Cell1 - a protected series of ...
Brian Knox
Online rent payment resources?
Hi Guys!Briefly: what options exist for getting tenants set up for making online rent payments?Or, is it still recommended to have tenants mail checks?I have been out of the landlord game for two years now so I was ju...
DAVID GAGE
People giving insufficient info on applications
I've started using the application off of BP because its so complete and thorough. Since I've been using it I have handed out a dozen or so and have only had one person fill out the entire app. . One lady was even app...
Chanda Wa
Holding Deposit - Best Practices
Hi all!
Do you implement Holding Deposits for your properties? If so, what are best practices for implementing in the State of MO?
Alma Alvarado
Property Management / Rentals
Hello All, First post! Here it goes..My company is currently attempting to start a successful property management company. They have tasked me with setting up the bookkeeping and accounts. Current set up: We created a...