Jeff Prather
Expense tracking for a house hack
I did it! I bought a duplex. I'm living in one unit. I'm renting the other. Now, I want to be proactive about the bookkeeping so that I don't have a nightmare at tax time. Here is what I want to know. I set up three n...
Mike Leng
how to buy a house using an LLC that's owned by another LLC
I have set up an LLC in Wyoming. According to various research I have done, if I want to buy a house in another state, say Virginia, I need to set up another LLC in Virginia. The WY LLC will be the member (owner) of...
Andy Prince
Setting up Bank account for rental!
I am about to acquire my first rental (4plex) multifamily unit. (this is a seller finance deal) I need some advice on the best way to separate the money I need to save for operating expenses, from my cash flow. Should...
Ben Brier
To LLC or not to LLC? That is the question.
Hey BP!Last weekend I wrapped up my licensing exams and am now eligible to find a brokerage to work under. My plan is to do part-time while I work my primary job, with the potential to jump in full time if things go w...
Jason Long
What's a reasonable cost for tax / corporation structure advice?
Hi Everyone - Looking to crowdsource some info on what typical costs are for these types of services... some background info: I'm an aspiring investor and have recently moved into a new primary for my wife and I to li...
Chad Bourque
1st STR Under Contract -- Direction Please?
Hi all,Our offer was just accepted for a condo on the beach in Miramar Beach, FL! This is our first foray into REI aside from our primary home (which while it technically is, I guess, I don't really consider REI). My ...
Jon Lee
Living in CA, own rentals in OR with sister. Where to form LLC?
I live in California. My sister lives in Oregon. We own rental properties in Oregon. We want to setup a LLC in Oregon for the properties, but do I need to also setup a California LLC and/or pay the $800 LLC tax in Cal...
Michael Weis
Question about BRRRR strategy
My plan is to buy a property cash approximately $40k-60k range requiring about $25k-30k worth of rehab with an ARV of approximately $115k once work is complete. Monthly rent in the area I am searching is $1050-1200. ...
Brandon Heimsoth
LLC state
I'm just now hoping to make my first investment. But, I'd like to get an LLC setup. I can't remember where I read or heard this but someone recommended setting up an LLC where your rental properties are located. Can s...
Sheryl Gurvey
Wix vs. Lead Propeller Website
I want to put up my website in conjunction with sending out my first direct mail campaign. I am deciding between Wix and Lead Propeller as they both seem very easy and robust. Wix costs somewhat less, but I would pa...