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I'm purchased my first flip last month and am almost done with the rehab. I'm already in a purchase agreement to sell and am set to close the first week of July. I do not have a business entity set up and want to know...
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Good afternoon BP family! Can anyone walk me through the details of separating utilities at a MF rental in the Fort Wayne, IN area?If you've done a house-to-MF conversion or simply upgraded an existing rental propert...
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Hello,which one is a better option?Three separate single family homes vs all three homes in one lot? What are some pros and cons.Thanks
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Question: I own all my properties in separate LLC's. When filing 1099's for contractors (paid over $600) do they get a separate 1099 for each LLC?
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Hi all!Hoping for a little guidance here. I am small time but growing. I currently own 2 SFH rentals but will soon have 5 rental units within 4 properties, plus a 5th property that I'll be flipping (to build additiona...
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At the moment I have separate savings accounts set up with a single bank. Some of the savings accounts are personal, while the others are what I would consider "business" savings accounts: property tax escrows for...
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Been reading a lot of different scenarios for bank accounts with rental properties. Wanted to get your suggestion on my specific situation. Just purchased our first STR condo here in PCB. Have $10k in reserves for re...
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When purchasing multiple properties as a package deal, is there a way to have it under one contract or does it have to be a contract per house?
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In a DUPLEX upper level has control of thermostat for air conditioning. What temp settings do u recommend for home/away . Upper unit pays for the electricity for the air conditioning. There is 2 separate electricity...
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Hey guys, I’m looking at a 3 unit this afternoon. I only own SFRs, and this place is fully occupied. 1-1bd, 2-2bd. No estoppel available, not much information available. 1 tenant says has a lease, 1 no lease, 1 “think...