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Hi everyone!
So I just put in offer on my first investment SFR. From what I understand I should be opening a separate bank account for everything that has to do with the rental financials.
My question follows; i...
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Well it looks like ill finally be getting into my first house-hack as long as everything in the buyers process goes smooth. One area that is still a little foggy for me is book keeping. Id love to hear some opinions/r...
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Could someone advise me on initial capital contribution? I recently opened up an LLC for my rental property and a business account.1.How is it funded? 2.Is the contribution in the form of Cash or could it be the prope...
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Hi. There is a handyman in my area that I frequently use. When there are small repair issues, I would just send him to the units to address the issue.My biggest difficulty is that he doesn't accept checks as a form of...
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Good afternoon all,
I am trying to figure out the best way to set up my banking for my properties. As of now I have a separate bank account for each property but I want to know how others are setting up their banking...
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I have a fix and flip completed and sold today but I am not sure how to calculate the actual profit. The cost of the house was 210k I borrowed 34k for the rehab. I would use my own money then the lender would fund it ...
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My husband and I are in the process of closing on our first property in NY, and its a pure rental/investment property with existing tenants (3 unit multifamily).
We are purchasing under our own names, don't plan to ...
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Hi everyone, I had a question about property management companies. I read somewhere that with property management companies you want to make sure that your a signer on the bank account. A few companies I have talked t...
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Hello,
I am not yet in a position to fully use the benefits of an LLC. However, I do plan to use one in the future.
Would it be wise to go ahead and set one up and start building business credit with a secured credi...
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I'm trying to get some answers regarding what kind of bank account I can use for my rental property. I have an LLC so I'm wondering if I can use my personal checking for my business or if I'm required to have a busine...