I'm *almost* under contract for my first rental!  Hubs' and my finances are through Ally Bank. Love it being online and our savings acct rate is 4.2%.  I've read that I should open a business savings and checking at a...

Hello all,I'd really appreciate a few thoughts from this amazing community. I'm in need of some help on the best way to manage the rehab costs of a new property within a three-person LLC/partnership. This is the first...

Business Travel Basics
A business trip is an opportunity to do productive business while earning substantial deductions. But it's important to know the rules and limitations of deductions for business trips; i.e. w...

I'm putting in an offer for my first ever Duplex this month and I have been fully catching up on laws, fees, security deposits, etc but I can't seem to come around the correct article to help me make the correct choic...

Background: I currently have 30 SFH. 8 of these are model homes that I lease back to a builder NNN (minimual management) with the other 22 units being new construction (less than 5 years old). I currently have my pers...

Hi all, Here is my situation:1) Married, filing jointly, living in Texas2) We, married couple, owns the rental property in our personal name (also in Texas)3) We route all rent income and other craft related income re...

I did some research on checking and savings account.  These are for people starting out without forming an LLC, but wants to keep their "business" separate from their personal.  If you have an LLC setup, you need to c...

Hi,

My husband (who doesn’t read bigger pockets) just told a prospective renter he might not choose her because she plans to practice guitar and sing daily in the upstairs of our home. I am very concerned that this ...

Hey BP!I’m wondering what you guys might think is an appropriate rate to charge a couple for a bedroom that I would otherwise rent to a single person for $1000?The bedroom has a private bath and is coming furnished wi...

How do you guys feel about keeping private and business life separate on social media? I am not so worried about facebook because my personal profile is private and I will be using my business page for real estate pur...