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Very tactical question, here. I am curious what people are doing with the flow of funds from cash flowing rental properties. A few questions here:
Do you setup completely different bank accounts for collecting rents ...
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Good morning everyone,
My wife and I have one multi-family that we have been renting out for about eight years now. It was originally our first home that we moved away from and rented both units. We're now at a place...
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Hello Bigger Pockets Community! I want some varying opinions about the tax deduction for services work completed on a rental property of mine. I had some subcontractor work for a rental of mine and failed to send a 10...
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Morning All - This is actually my first discussion post, but I'm assuming this goes out to everyone. Which is actually a fairly terrifying as my grammar never rose to the standards of my English teaching mom, but anyw...
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So we have set up our LLC and decided on a bank. I want to keep things as simple as I possibly can for tax time. My partner and I have invested from personal accounts on our marketing and supplies already. I currently...
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I have a small contracting business which is Ltd. The business has the cashflow, i personally do not. I was thinking of purchasing rentals(duplexes) under my business. Is this a good idea? The big banks want 35% down ...
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Hi All, I have a client who has opened escrow on his first rental. What is a good landlord software and is budget friendly and can be used for a SFR? His primary goal is to utilize this for rent collection. This wil...
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Just wanted to share how glad I am about having started a separate savings account for capital expenditures. I did a quick calculation, estimating the remaining lifespan and cost to replace of the primary components i...
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Hello,I am still very new to BP and have found a lot of great information here. Thanks to all. So here is my question. If I start a solo401 and use that to fund a specific flip with a local RE business can I do other...
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My wife and I are under contract purchasing our first property. It is a triplex where we will be house hacking and living in one of the units.My question is, would it be wise to open a separate bank account and run ev...