Mark Douglas
Do you have separate bank accounts for each property??
Hello all,I'm on the cusp of closing on my first property ^^ and I want to have as much in place as I can.I know I'm going to open up a second checking account for this first property, to keep it separate from my pers...
Joshua Springer
Any legal/financial reason to have mortgage under LLC
My first rental I put under an LLC with a partner, my second was conventional with my wife, the next one i'm working on with my LLC partner should be moving forward soon. I originally had anticipated putting the loan...
Sam Askar
Building 20 units next to a university
I am a build and hold investor. We usually build 4 plexus and build and sell SFHs. We came a cross this lot from another deal we had Previously made with the seller after we bought 14 lots from him. He mentioned that ...
Devin Scott
Keeping your money organized
Using the 50% rule as an example, on a house that rents for $850.So $425 goes to expenses/vacancy. Is it best to deposit this portion in a separate bank account? So for those that have multiple properties, are you usi...
Simon Aristizabal
Decisions... 203k Loan or something else?
Hello everyone,I just joined BP over a week ago, I really find it very very useful, there are tons of information here for everyone in the business of real estate. I have been considering becoming a real estate invest...
James Bradley
Need help with Business Plan?
Good morning Bigger Pockets Family!My name is James and I've been considering making this move for about 6 months. I am starting NOW. Based on some early information gathering, I decided I'm starting out 2020 with get...
Nathan W.
Business Structure for Multiple STRs
For those of you who own more than one STR. How do you have it structured?
I see a lot of discussions about placing properites in an LLC, but the discussion tends to end there. When I look at Airbnb profiles, I often...
Thomas Fey
Property management fees
Hi All,Was recently having trouble with a tenant and noticed that rent has consistently been paid late and in increments. Reached out to the property manager to see if the tenant had vocalized financial hardships, if ...
David Jayne
RETIREMENT FUNDS FOR RE INVESTMENTS
I was listening to a recent podcast, and the guest indicated he would advise liquidating IRA/401(k) acounts, transferring to a solo 401(k) and then investing in discounted real estate notes. He also advocated not...
Jerry Daily
Buying another property to offset taxes
I currently own a rental property that profits at least 15K after all deductions. I also own a rental property in cash under an LLC that profits very little on paper. I also have a primary residence with nearly a JUMB...