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Hi! I just wanted to put my problem out there and see if anyone has had any similar issues. I currently have a rent payment from my tenant floating around somewhere besides my bank account. This is a new rental and af...
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Anybody have a template for an operating agreement for an LLC or care to share theirs with me? I'm getting a loan through US Bank and they want to see operating agreements for my business LLC and the LLC that'll hold ...
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I won’t invest in rental property in my Self-Directed IRA!Yes, I said it! In most cases, it isn’t advantageous to invest in rental property in with my Self-Directed IRA. Since there are a number of prohibited transact...
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Hello,
I have 10 single family homes as rentals. I opened a checking account for each property to manage its rent collection and to pay its expenses, ie: mortgage, maintenance, etc. Each month I scrape these accounts ...
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Hi all
So I will become a landlord soon and I just wanted to know what should I have or need to get as a landlord. For example what type of account should I open to hold my tenants first, last and deposit, etc?
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There is no right or wrong answer to this question, but I would be interested to know where you guys keep short to medium term cash that you are holding between deals. That is to say, you sell a property and you have...
I have a question for all of you BPersI am an active buy and hold investor and some months I ask myself why am I doing this again?I believe I do this because I do not have a clearly defined WHY to look to during those...
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Hello My Oklahoma Investor,What system have you guys been using to collect rent from tenants? I am putting my Lease together and I am not sure if I give my personal address, create a PO BOX or use an online tool. Any...
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I know this is probably a terribly stupid question, but I was not pleased when I saw that escrow on a $96.5k loan was nearly the principle; like $3xx and change! Thats crazy!
So what exactly is escrow, and why do I ha...
Just looking to expand on my limited investment knowledge with you folks. I currently have one investment property in Florida but need to get out of my comfort zone and take some risks. This seems like the logical p...