DJ Cummins
So...how many bank accounts do you have?
We are getting ready to buy property number two, and possibly number three in the next couple of months. My wife feels like we should have a bank account for every single property we own. I guess that is fine with 2...
Josh Teunissen
Tax pros/cons on house hack/owner occupancy
Disclaimer: I understand that I should consult a cpa for specific tax information. I listened to a podcast a while back (I believe it was Brandon Hall?) Regarding house hacking and taxes.Im unmarried and have not had ...
Account Closed
Suggestions on app for tracking expenses/miles?
Hello, Does someone have any suggestions for an app/software for tracking expenses/miles for a rehab? Also if I purchase something to be used for the rehab from an individual, do I need to ask them for a receipt for t...
Tiffany Ralston
do you include down payment when analyzing for cash flow?
Hello!Many of the books (the millioniare real estate investor) and posts on BP I read, seem to not include the down payment when evaluating a deal to see if it cash flows. Is the down payment included in the evaluatio...
Andrew Thomas Vedder
[Texas] Can I live in a 5 unit commercial MFH?
Hello all. I've come across a 5 unit 1 bed 1 bath property that is commercially zoned. I spoke to lenders to try to acquire a loan on it but they said I cannot purchase a 5 unit+ and live in it as my primary residence...
Jerry LoCoco
Limited Partnership Agreement
Hello BP Community!
I have an investor who wants to act as a limited partner (in this case his LLC will provide 100% of the equity, he will get 50% of the profits along with 80-100% of any losses, and he will not tak...
Brian Nordman
Possible Tax Benefits for House Hack?
So I just had an offer accepted today on a 2 bedroom 2 bath SFH. I have a friend who is going to be renting out the second bedroom from me. I know when you live in one half of the duplex and rent the other you're able...
Tim Greenfield
Duplex with 1 water line, splitting into 2 separate lines
I am in the process of buying a duplex in Cleveland Ohio. I have allocated $100 a month for water. This duplex only has 1 main water line to both locations. However the other utilities are separate. I would like to fo...
Angie Cobb
Am I doing the smart thing by renting my former residence?
Hi Experts, I am a newbie to the game and have no clue what I'm doing. Anyway, here goes:I purchased my first house back in 2002 and refinanced it in 2013. The mortgage balance is $77k and the monthly payment is $8...
Jonathan Perez
Wholesaling questions. I have a few.
When contacting the seller, should they know that I am a wholesaler?Should my buyers know that I am a wholesaler?How does the process of getting the property under contract work exactly?