Steve G.
Collect rent under an LLC if I own the property personally?
Hey All,I am in the process of aquiring my next rental property and decided to finally put this one under an LLC. We have a dedicated bank account, insurance policy and the property will be held by the company.Now my ...
Brandon Ly
Property Tax Increase from ADU
Greetings Bigger Pockets Community!
I'm going to be constructing an ADU on my property soon and wanted to calculate the property tax increase I should expect from the new unit.
The ADU's valuation was calculated by ...
Joe Maris
Missing Info for Property Managers and Investors
BP has a hole (missing info) for property management. I've seen several posts asking for a sample Property Management Agreement. Before you recommend calling a RE attorney or warning that laws vary from state-to-state...
Joel James
Self Directed IRA LLC's
I am looking at self directed IRA's using LLC's. From what I have read, this give the investor total control because the funds are at a local bank with check book control. This sounds great because it lowers the trans...
Chris VanAckeren
Revocable Living Trust for personal residence?
Good morning! I have a rental property (townhouse), i plan on buying more, but i am currently in the process of closing on a house that will be my personal residence. Should i get a revocable living trust for my perso...
Mitch Kronowit
Swimming pool in a rental?
Here's something I haven't seen anybody bring up yet. Does anybody rent out a house with a swimming pool? I found a house for sale in San Diego with a pool and it got me thinking. Do you pay a pool "boy" to maintain i...
Account Closed
Can I finance this way?
I have off market option for SFR in Medford Oregon for 95k. It is worth at least 210k and needs no work done. I asked a bank what they could do for me. They needed 15% down and closing costs.Is it a common overlay to...
Account Closed
taxes strating wholesaling on rental business card?
hey i need advice from a cpa. I plan to start marketing for my wholesaling business and will also need printer pc etc. How do i go about doing that I have one rental now which i conduct all my rental related costs un...
Jon Holdman
Tell me about hotels
Tell me about investing in a small(-ish) hotel. I'm talking something in the $1-3 million range, 25-60 rooms. I realize this is as much a business as a real estate investment. Is this something that requires consta...
Nuhan Demirkan
Accounting
Hello,
I have 10 single family homes as rentals. I opened a checking account for each property to manage its rent collection and to pay its expenses, ie: mortgage, maintenance, etc. Each month I scrape these accounts ...