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Results (10000)
Danny Lyu My 2 Options: Personal vs Commercial Loan
26 November 2024 | 35 replies

Hi All,
First-time poster here. I’m currently in the pre-approval process to purchase a 2-4 unit multi-family property. I’ve approached a local bank in Upstate New York offering a 30-year loan with a 10% down payment...

Jeff Stein Real estate Bookkeeping
12 November 2018 | 14 replies

I am About to close on my second property!

I really need a good software program for bookkeepingb and not aure if I should buy quickbooks or a dedicated real estate program.

My business is structured in that I hav...

S Harper Should I pay off rental when I refi my home? Tax implications?
7 November 2009 | 11 replies

We have an opportunity to refinance our home and cash out enough to pay off one of our rentals. By doing this we will lower our monthly payment by 450/mo OR if we make the same payments we can reduce our total cost o...

Taylor Campbell LLC or not to LLC
6 January 2024 | 12 replies

Hi - what are everyone's thoughts on getting an llc on rental properties? I have heard a lot of conflicting advice on getting one. I have heard some recommend it, other's say the liability insurance should cover it, a...

Evan O'Brien Bank Accounts for STR Expenses
10 June 2022 | 12 replies

When you start purchasing short term rentals is there a certain amount of bank accounts that you have for your monthly expenses associated with the property? And if so what type of bank accounts should you have for th...

Tomasz Jurga House Hacking a Duplex
1 November 2021 | 3 replies

A question for those with experience house hacking a multi-family house:What was the most financially-intelligent way to utilize your tenant's rent to apply it towards your own mortgage payments? I plan to own a duple...

Randy Forcier Residential or Commercial Insurance on Investment Properties Owned by LLC
28 February 2014 | 5 replies

I own a few properties in an LLC, up until now I've always had Residential Insurance Policies with the LLC named as an Insured along with myself. Recently an Insurance Agent friend of mine recommended that I get a...

Eric Harlan 1031 vs Cash out refi for buying nicer newer rentals?
3 September 2020 | 3 replies

I currently have a number C class properties but the high costs of turnover seem to be decimating a year or two’s worth of cash flow so I’m looking to move to A class new construction sacrificing monthly cash flow for...

Brit Dunlop Refinancing Commercial Mortgage to Owner-Occupant?
9 April 2019 | 3 replies

Is it possible (and if so, would it make sense) to refinance a commercial mortgage on a duplex to a personal mortgage that would be owner-occupied? We're planning to rent out our current personal residence (have been ...

Benjamin Ellis Personal vs. Business Checking Account help!!!!!!!!
3 August 2014 | 7 replies

Hello BP'ers:I am in the process of starting out as a wholesaler.  While I haven't completed my first deal yet, I want to start to set different things up that are associated with my business.  I know that I need to k...