James Petry
Keeping transactions organized to the llc
Hi BP people
. Closing on my 2nd rental now since becoming a member. I decided how's the time to convert to an llc. My question is gjis though ( I was told to keep all the property transactions in the llc. How do u g...
Justin Greiwe
Debate: does every LLC need a separate checking
I wanted to bring this debate to the forum that I am having with a friend who is also an investor.
The debate, if an owner has several llcs ( all single member) for holding rentals, and one additional LLC acting as m...
Alaxic Smith
How do you verify income?
Hello!
I'm a software engineer working on a tool that allows landlords to connect to the bank accounts of potential tenants to verify their income, employment, previous addresses, and their identity. I'm making a po...
David Kirkpatrick
Self Managing Multiple Portfolio's
Hello Friends! As a brand new investor I own two portfolio's totaling 11 properties consisting of 19 & 16 Units. Both portfolios are owner financed and in two different LLC's. I am self managing for now as I want ...
Luke Carl
Need an App or Bank that will Separate Income as it Comes In
Funds come in direct deposit in to bank account A (1099)
X Percent stays in account A
Y Percent goes to account B
Z Percent goes to account C
B and C have the option of being Checking or Savings.
MUST Be per...
Zach Barber
How to split banking for different properties
I have one rental property right now, I'm under contract to buy my 2nd. Right now I have my personal bank account with it's 5 sub-accounts. I also have a separate bank account for my property (with it's 5 sub-accounts...
Neil G.
Best Checking Account for International REI
Hello peeps,What are some of the best options for business checking accounts for investing in foreign real estate? I'm looking for something with flexibility on international wires, high yield interest (if possible), ...
Jennifer Taylor
Rental Unit on Primary Residence Structure
Looking at a property for a primary residence that has an income generating cottage (STR) on it. We currently have a STR in a separate LLC. What are some potential structures to allocate direct expenses to the rental ...
Ping W.
risk associated with direct deposit to collect rent
I asked my tenant to pay the rent by direct deposit thinking that would be something similar to salary direct deposit but the renter told me that his bank needs to deposit a small amount to my bank and then withdraw i...
John Fitch
LLC before you buy your first deal?
Here is my plan. Cash out refi my paid off primary residence for 150k & purchase a foreclosure w/pool for 129k(BRRRR) that needs a new roof & probably 5k in other repairs. Zillow has it valued at 234k but I do...