Becky Swenson
DSCR loan for student housing
I'm a first time investor considering buying a rental home for my daughter and her gaggle of roommates on a college campus. Could I use a DSCR loan? I would not be living there, but my child would. All roommates would...
Bryan O.
Solo 401k Attached to Passive Income Entity
Hi experts. I recently found out how contributions work for a solo 401k and that rental income is passive. So basically I'll never be able to contribute my solo 401k in this entity. Not the end of the world, but certa...
Scott Nachatilo
Automated Telephone Answering Systems
I've decided to set up an automated telephone answering system for my office. I'm considering using NCH software. I have a multi-line telephone system set up now with no voice mail or menus with voice mails. Anybod...
Austin Youmans
Battery Powered Tools
What does everybody like for battery powered tools?Looking to by a set soon so I am just looking into it. Ryobi is cheap and it seems like more tool options. I have a 12 volt drill that has been good to me, just under...
Patrick M.
Cozy Users- Can Tenants Set Up Payments on Weekends?
Hey there - got my first unit rented, using Cozy.co to connect rent. I collected first month's rent via chasier's check. Rent is due May 13th, and yesterday I got an email saying the tenants had not scheduled a paymen...
Katie Sikes
Tax question for wholesaling/flipping and assignment of contracts
My husband and I have a newly established LLC (taxed as an S-Corp as recommended by our CPA). He does a combination of contract assignments and wholesale deals. We are currently doing our first rehab project and ...
Natalie Lindsey
Where should I create my LLC?
I am not sure where I should create our LLC. We are a military family and we are waiting to find out where we will be moving to this summer. Hopefully we will know sometime in Jan. or Feb. We have several SFH properti...
Albert Mainja
For seasoned wholesalers? LLC questions
I'm new to REI and i want to start with Wholesaling to generate cash and then transition into flipping and then eventually implement the BRRRR strategy on sf, multi-family and commercial properties. Is it advisable to...
Brent Pearman
Tax Classification and New LLC in Downstate Illinois
Good Morning,I am currently setting up an LLC as the designated manager (COO). The other members and I have a significant amount of personal assets we want to protect, hence the LLC. The main focus of the business i...
Michael Chizhov
Quickbooks Duplex bookkeeping: AirBnB and Long Term Rental
Hey all, I set up two sets of books, one for my LTR and one for my AirBnB. The LTR has the mortgage on it, the payments, etc, and the rent from the LTR pays most of the debt on the property. But not all.
I'd like the...