Debra Johnson
LLC or run through personal account for taxes and banking
Just purchased single, out of state, property for STR. We reside in WA. STR in Boise, ID.
As a married couple do we set up LLC or run expenses and income through our personal names? This is in regards to banking and ...
Daniel Kelley
What’s apps or websites are you guys using for collecting rents.
Like the title says. I am looking for insight on what’s working for you guys for collecting rents. I am using Venmo, and want to have a more professional approach. Something like Cozy. I’ve heard good things about Coz...
Brian Woolery
Slice of the pie
What is the best way to determine the number of investors you want to get in the investment? Note: I don’t want to put any money or little more up front in the investment.
For example, I submitted an LOI for an apart...
Alfonso Aramburo Zepeda
I have deals, HML, rehab, comping skills, but not a partner
I have been finding multiple deals that work for Fix and Flips & Fix & Holds around Big Bear, Crestline, Lake Arrowhead, Riverside, Moreno Valley, San Bernardino, Colton. The challenge is coming at 15% down fo...
Jarred Stangohr
Benefits to living in rental property before renting
Hello, I am planning on buying my first home within the next couple months. My plan is to live in it for at least a year and then rent it out. I was wondering if anyone knew of any benefits/downsides (in terms of laws...
Elenis Camargo
Is borrowing on LTV real?
Hi BP! I called several hard money lenders a few months ago and they all said they would lend 80% LTV but that their LTV is based on purchase price. Listening to BP podcasts and reading Brandon Turner’s book on invest...
Roy Lhanie
Paying Contractors
Do you guys 1099 your workers? I have been paying cash to my workers and im startign to get worried come tax time.. anyone else have some advice regarding this? I track expenses in an excel sheet but im not sure if t...
Trey Read
Partner or not to partner
Hello BP!I am trying to decide which direction to go with my initial investment.I’m 26, I’m 100k liquid and I’m eager to get started.I’m a full time commercial construction superintendent with some flipping experience...
Dan Borecki
Massachusetts Banks for Security Deposit / Last Month's Rent
Hi All,
I am a first-time landlord in Massachusetts and just received a security deposit and last month of rent from my 2 new tenants. I am familiar with the rules surrounding the deposits, but do any of you...
Carrie A.
Scanning and keeping receipts
I want to scan my receipts, starting with this year, and store them on a jump drive. Any better way to do this... such as, should I keep them in folders by month.... by project.... by vendor (ie Home Depot stays t...