My CPA suggested forming seperate LLCs for each rental property I purchase. He states that this limits my liability if there is an issue with one property.  I have just one property currently, but I plan to purchase a...

Along with creating an LLC entity and creating a "Certificate of Organization", you need to have an "Operating Agreement".Attached below is a redacted copy.  Virtually anything can be written in to this agreement.  Wh...

Hi Everyone! I am in the process of setting up multiple LLCs and need to manage the rents and expenses within each LLC. I need to get a business credit card for each one. Has anyone experienced how that impacts your c...

Hello BP,
I have a few questions:

First
I recently acquired my first tenant in a house a hack. Today I opened up a new checking account with my bank, and I either need to have direct deposit setup with a minimum ...

Again, not super cleaned up. Copied and Pasted off of my notes on my iPad. Enjoy!Dave Ramsey Money Makeover Chapter 1: Total Money ChallengeChapter 2 DenialFrog in Warming Water example - If a frog jumps into a BOILIN...

I'm thinking about getting two 4plex or one 8unit, and want to discuss the pros and cons for each. Let's assume that the total ROI is the same. Two 4plex pros is the diverse location, risk is lower (if one location is...

Back story:
Today I was making a trip to go change the locks on a few houses I bought at this months County Auction.

While out in the area where I've purchased quite a few houses, I noticed a rundown house and chec...

Hey BP community, I've gotten extremely lucky over the past year or two in the crypto space and am looking to diversify my portfolio into more "real" assets. Purchasing real estate (likely for rentals) is the market t...

Hi everyone,

I was thinking that there should be a way for tenants to pay rents others than by mailing a check, money order to the landlord ( no property manager ).

What are some ways to do this ?

Also, how do you ...