Kole Kingslien
The Flow of Money in relation to Rental Properties
Hello BiggerPockets community,I have titled this post "The Flow of Money", so it does not get confused with the term "Cash Flow". I have just purchased my first rental property, and am trying to understand how the mon...
Cliff T.
Starting an LLC questions
Hi all,I know there have been dozens of posts re: LLCs but I'm having a hard time nailing down specifics. I understand I should consult an attorney and CPA for the nitty gritty, but can someone please walk me through ...
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...
Ted S.
Budgeting rental income and job income
My question is I work full-time and our own properties. Having a difficulty separating the money. I wanted to bank my full-time job income and live by my rental income. Does anyone have a way of tracking all your exp...
Alek Lowry
Trying to separate business and personal
I am trying to do a better job of keeping my personal finances and my business finances separate. What is the best way to do this? I know I should have two different bank accounts. Currently I bank at the local credit...
Brandon Peaker
Good Excel Program to keep track of Business expenses
I'm a new Real Estate Investor who is looking for a good excel program to keep track of all my business expenses. I currently have one Rental property and and am doing buy and flips also.. I have been keeping track of...
Pete Broom
How should I setup legal and banking structure?
(repost since i did not get many replies)I just got my first rental condo. The condo is currently under my spouse and my name.A few questions How should we put as owners of the property? Us as owners? Or create an LLC...
Tim Sipowicz
Tracking finances and Accounts
I’m a newbie investor closing on my first property this Friday. I had a question about different bank accounts and how to allocate rental income. I am starting an LLC but have decided not to open up a business account...
Oxana Miller
My grandma has passed away and left me cash, how can deposit
My grandma passed away and left me around 100K in cash, what is the best way to deposit these funds without paying taxes? What are my options, please help! TIA
Benjamin Lemieux
Question for attorney about legality of financing
Goodmorning Biggerpockets,
*Note* I intend on consulting my actual attorney this week, but until I hear back my anxiety needs an answer.
Basically I'm questioning if what I am doing is legal. It was the loan officer...