Linnea Giles
WHO PAYS UTILITIES??!
Hey Everyone! My husband and I are looking at purchasing a 4-unit property in the St. Paul area of MN. This would be our first deal, and we both have so much to learn. We both are wondering, who pays for utilities?...
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...
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...
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...
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...
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...
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. ...