Troy Michaels
Is c corporation best structure to seperate taxes?
Is a c corporation the best business structure to keep business income and taxes seperate from your personal filing???
Adam Smith
One Furnace In Duplex
Hello BP! We are looking at a SFR that has been split into two units. It has only one water, gas and electric meter (i.e.- one furnace and one water heater). Wondering how this would work with having two separate t...
Nicu Parente
Should I inherit a tenant of a mother in law suite?
Hello BP,I am looking at a property that has an attached mother in law suite with a separate entrance, kitchen, full bath and a 3 year tenant. It looks like this SFH was rented out as two separate units, the main flo...
Justin Cox
Cash flow on a rental property
Hi everyone. I have a questions about cash flow of rental properties. So I’ve been reading about all of the expenses I should be taking out of the rent I receive to determine my pure cash flow. Mortgage, taxes, insura...
Jaime Wright
Handling Utilities in Multifamily
I’m looking at purchasing a my first Multifamily apartment 4 unit or 8 unit. One thing I noticed in these older buildings is most time utilities is NOT separated. Therefore, heat, gas and water are ALL paid by landlo...
Steve Meyers
CapEx, Maintenance, and Vacancy
Should I be tracking CapEx savings, maintenance, and vacancy set asides individually you property or can the all be lumped together as long as I set it aside each month?
Ian Martin
Anyone have experience splitting an up/down duplex with the city?
I have the opportunity to purchase a home zoned as a duplex, but currently is laid out as a single family home. There are separate entrances, and it would be incredibly easy to reformat the floor plan to make this hom...
Ben Breuner
How to handle accounts/taxes on a joint ownership property?
My partner and I are unmarried and just purchased our first rental property. We live in California, but the property we purchased is in Kansas City. We're working with a property manager and I want to ensure we get ou...
Shahad Choudhury
Deduct partnership expenses without property in an LLC
Hello!I started a business in late 2018 with a partner with the plan to do rental real estate. We didn't have the LLC formed quick enough, so bought a Single family home in our own names and started rehabbing it. Thr...
Tammy Helble
Quesiton about security deposits
I had a quick question regarding security deposits. I live in CA but my properties are in TX and I heard that you can't co-migle your tenants deposits. With that expressed can I simply have a separate acount within my...