Hey BP,So I just started with my first property in January of this year. I have it in my name currently (No LLC or anything else just yet). I'm having this property managed by a professional property manager. I'm g...
Hello all - I just bought my first duplex in FL. We are in the process of evicting the current tenants. I have established an LLC for the property via legal zoom…so by the time we renovate and get new tenants in there...
Hello all:When a security deposit is received on a new long-term rental lease, I categorize that in my accounting system as "deposit", separate from rent. It isn't income, doesn't show as a gain, etc. When that same t...
What is the best software that is cheap, reliable, and easy to use to do the accounting or books on small multifamily properties for an LLC?
Hello BP community. As a newbie in the fix and flip market, many lenders I have contacted are requiring interest up front and are capping at 80% acquisition. As such, I am looking for references for a reputable compan...
Hi BPers,
I am in the process of screening my tenant. I started using SmartMove which provides by BiggerPockets.
I have noticed that it only shows credit report and criminal check. If some...
Hello team,My partner and I are currently trying to purchase a value add 8 plex. Our banker will let us do 80/20. We are currently at 15%. I recently found a family member willing to loan us the other 5%. I was thinki...
AZ Flippers, how are you analyzing deals in the current market? What is a good deal to you these times? How much are you accounting for when it comes to the market shifting and listing a flip 3-6 months down the road?...
I am about to move out of my Condo and will be renting it.
Should i form an LLC or some other sort of bussiness?
Why should I?
How do I?
Thank you!
I frequently read that investors purchase their notes within a self-directed IRA. I understand the idea to be that the capital gains associated with the interest payments the borrower pays the note holder are then no...