Warren Barton
Should property manager pay me through my SSN or through a pass-through LLC EIN?
Hi I'm hoping for some advice on this one. My accountant has this in their inbox as well. I have two LTRs out of state that are managed by a local, fantastic property management company. To date, they've been sending ...
JOE SNEAD
help on first deal
here are the numbers
1100 sqft condo 28k
rents for 750-850 a month
hoa fees 360 month
tlc needed - heavy clean, paint, new stove-1k
buying all cash no mortgage
So if the place rents out at 825 no vacancy i make my mon...
Tony Thomsen
South St Paul, MN - first multiplex contract for Deed
I’m developing cold feet
A contract that favors the seller and a standard Minnesota contract for deed.
The roof of the 4 Plex worries me and any repairs done to the property is mine to do at contract signing.
The...
Dustin Awtrey
How am I taxed? Can I pay myself a salary?
So I am working on this project that once I am done will be cash flowing around $5000 per month after all expenses are paid. I want to quit 9-5 and become full time RE investor. I plan on property managing myself as a...
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Investing in apartments
Does anybody know a website specifally about investing in apartments?
Michinori Kaneko
Switching Title of the property to an LLC
Hi, I just went into contract for my first rental property a week ago. the property i'm purchasing is already in contract with my personal name, as I read many articles about how setting up an LLC is overhyped. I ha...
Andrew Tozzi
Newbie Account Setup and Receiving Payments
Hello All,
I am a first time real estate investor that is looking for information on best practices for setting up a checking account and arranging payments from tenants to be received on mobile apps.
For more det...
Pedro Morais
Distributions from one LLC to another
Hi BP,Can you make distributions from one LLC bank account to another LLC? In other words, if I have a surplus of money in one LLC account and the other LLC has need of capital for construction, can I transfer from on...
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What to do with my equity?
Hi, I have $1mm in equity in my residence. I owe about $600K and pay about $3400/mo in mortgage. Taxes are low since I have lived here for over 8 years. If I move to a like house, cost is about $1.2mm and then my p...
Evan O'Brien
Bank Accounts for STR Expenses
When you start purchasing short term rentals is there a certain amount of bank accounts that you have for your monthly expenses associated with the property? And if so what type of bank accounts should you have for th...