Robert Stamper
Expense Tracking Software or Spreadsheets. Best Solution?
Hi All, My Wife, @Sarah Stamper is a flipper starting on her second property now. She does all her flips in a single member LLC to keep our taxes nice and simple. I was planning to get her set up with QuickBooks a...
Cindy Joseph
First time land lord- need advice on rent/income ratio and let fee
I have a middle aged guy with a disabled son (wheelchair) who wants to move in our unit. Rent is 1900 and his gross monthly is 4000. He does have 100k in the bank. Would you consider this remnant? I’m in Melbourne FL ...
Will Morrison
Bank accounts for investment properties
As an agent here in Western North Carolina I have been posed the question by a client whether or not it is better to have a separate bank account per investment property or to have all the income flow into one account...
William J Anderson
Introduction and Seeking Advice on T-12s
Hi Everyone,
I’m new to the BiggerPockets community and excited to connect with all of you! A little about me: I’m a new real estate investor diving into the world of property management and eager to learn as much as...
Pamela Winslow
how do you turn property analysis into financial mgmt plan
Hello BP world! I am a new investor looking for my first property. For all of the great advice I have read on this site, I have not found anything that explains the best way to manage a property's financials? Shoul...
Dave Chow
Family group with one eviction
We are having a duplex to rent received an application group.
I would like to know if we should accept this application group.
Husband: credit score 650, income $5000/MO,
Wife: credit score 600, income $3800/MO,
...
Mike Carstens
How do I enter the appreciation of value after a refi & cash out?
We are finally getting our business computerized and are running into a glitch. Scenario - Purchase a building for $70,000Initial improvements $25,000New value $145,000Refinance at 75% of $145,000 = $108,750 mortgage...
David Briley
Forming LLC for private money partners
I want to form an LLC with two private investors. I'll run the project and they'll pitch in various amounts of money. Once we get an accepted offer, then we'd just create an LLC just for the property we're working on...
Michael Combrink
Mom Credit Partner (title details)
do I need to be on the title to depreciate income?i was thinking of asking my mom to be a credit partner
she signs for the mortgage,
i do everything else, money down, monthly payments, fees, taxes, insurance, mana...
Chris Howard
Flips owned via Land Trust in a separate LLC from rentals?
Hello all, should you keep flips separate from an LLC that holds rentals? If so, why? Other than asset protection.Is the income taxed differently? I typically like to take title via Land trusts and have the benefici...