... if the IRA runs out of funds to cover those expenses or pay for required repairs, etc. Example:IRA starting: $200,000Purchase property: $180,000IRA remaining: $20,000Repairs needed before being able to rent/lease ...
Hi, everyone!I just got my LLC set up and would like to start using a bank account / credit card owned by the LLC to pay for the expenses (mortgage, repairs, etc.) on properties currently in my name. My thought is to ...
My property manager handles the majority of my repairs, etc. Occasionally I will pay some outside bills, etc. Any recommendations for how best to handle that in terms of tracking? Quickbooks for me (property manager...
I recently brought an 8 plex and commercial warehouse. It’s pretty from from my house. Is there any good apps or sites where my tenants can pay there rent online at there expense?
Hey ya'll! For those who have a hot tub for your rental, may I ask how much you schedule maintenance and how much you pay for that maintenance?Currently my hot tub maintenance person says I need to schedule her to com...
I currently have (1) rental property. It was my primary property for (3) years. It is a condo which is currently appraised for 80k and I owe 55k ( 15 year mortgage @ 3%). I have a great tenant who is going to sign ano...
Let's say you have an expense that is a repair. You have two different quotes for two variations of the repair job. For context, your cash flow/income is small. One quote costs more than the other. Is it better to max...
Hello BP,I would like to ask some newbie questions, *Is there a typical percentage you pay on taxes for the profits you make from your rentals? If so, how would I determine how much I will be paying in taxes to budget...
Hi all,I just had a super discouraging talk with a real estate agent who invests/flips himself in the LA area. He told me I'm too late to the game and basically won't make any money house hacking with a FHA loan. He b...