Rick Bassett
Arms length transaction question
I am setting up a LLC for property management. The LLC will manage my properties, which are single member LLC's as well as well as properties for other owners.
My plan is to have my property management LLC collect a ...
Account Closed
I Want to own apartments without syndication is that possible?
I have been investing for approximately 18 years and it has been in Single families. I’ve done most kinds of SFH deals.Flips, wholesale, rentals, wraps, etc. Early on in my investing journey I had a partner and we bou...
Will F.
Looking for a Strategic Real Estate Accountant and Bookkeeper
Does anyone have recommendations on local Los Angeles/ Orange County accountant that can both help with booksProperty management S Corp.Sole proprietor and some partnerships on different propertiesI use Buildium softw...
Irie NA
How to Pay Housekeepers
Hello,
I'm reading Avery Carl's book "Short-Term Rental Long-Term Wealth" and she mentions setting up a designated business account and making housekeepers fill out a W9 and paying them through direct deposit or an o...
Linda Lai
REI Financing for Retirement Accounts
Hello BP Community!I’m a new member to BP community and have no experience in REI. I’d like to transfer 50% of my retirement savings invested in stock market to real estate investment for passive income from rentals,...
Shiloh Lundahl
Investing Addiction - Confession Time
Do you ever have a hard time keeping money sitting in your accounts?I haven’t been actively looking for properties for the past three years in Arizona. However, I still bot probably 20 to 30 single-family homes during...
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...
BOB CRANEY
Managing capex and contingency funds
am growing my self managed rental portfolio and am up to 12 units in 8 buildings with a monthly gross of around $14,000. I have always figured an amount for future capex, vacancy and ongoing maintenance and repair wh...
Todd Atkinson
Self Directed IRA recommendation
I need to set-up a self directed IRA...what companies would you recommend contacting?..what are the typical fees they charge to 1.) set up the IRA LLC and 2.) annual account fee.Thank you
Grady Caldwell
What type of bank account should I open
I am new to RE investing and I recently purchased a single-family rental property in my personal name and not my LLC. Should I open a business bank account under my LLC to make mortgage payments and collect rent even...