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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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 ...
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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...