Carrie Herrmann
Second time newbie I guess?
It has been about a year since I've been on here. Have had so much going on! GOOD AND BAD!!! Let me start off by saying I now have time to be on here because I just recently quit my day job as a personal banker (I ...
Skyler Holloway
Business Formation - LLC vs S-Corporation
For two partners looking to BRRR into long-term business (5+ years) in Nevada, which option is best?
From what I can tell, LLC has lower annual fees, same liability protection, and a bit more flexibility during mana...
Kenneth Westervelt
Bookkeeping and House Hacking: to commingle funds or not?
Brief intro: bought a house last year, have been renting out 2 spare bedrooms. I'm thinking about setting up a separate business account to deal specifically with all house related expenses (mortgage, taxes, utilitie...
Paul Ellington
Should I Create a Rental Property LLC?
My wife and I currently bought our first SFH and kept our condo as a rental property. We require our tenants to have renters insurance and we have a homeowner's policy with an umbrella policy to ensure we are covered...
David Mathews
Switching to Tenant Depositing Rent
Hello. Needing help on how to notify tenants of a change in policy. I have 2 active rentals and rehabbing my 3rd so I'm still pretty small time. With that said, I do intend to scale up while managing the properties my...
Tori Prophet
HELOC or cash out refi my residence and buying another
I've been researching this and would like some feedback about which direction is smartest. I hope it's ok to ask since it's not about an investment property, but about our residence.We live in Texas and want to upgrad...
Rodney Swindle
I don't know what I dont know!!
So first a little background on me. I'm 21. Never bought a home. Excellent credit score. I'm in the National guard, so I qualify for SOME V.A. benefits (vary from lender to lender. My personal bank offered a no money...
Trace P.
For LLC must payments be made from LLC bank account?
Hi! If I set up a LLC to hold my real estate, must all my business expenses be paid via the LLC bank account for annual accounting purposes? For example, my air ticket expenses, food during my business trips, hotel, p...
Charley F.
Applicants: When to ask for bank accounts statements?
When should a landlord require to see bank statements of the applicants to see their financial stability?
I was recently advised that is common practice in the industry NOT to ask for personal bank accounts UNLESS th...
Kathy Crosby
HELOC
Hello!We have two rental properties consolidated into one loan. We have inquired about HELOC on these properties, because we have quite a bit of equity in the houses. I am being told that we can't get a HELOC on seco...