Nicholas Aiola
Ask me (a CPA) anything about taxes relating to real estate
Hey, guys!I've been on BP for about 7 months now and I have quickly learned two things:There is no better place than BP to talk real estateThe wealth of information on BP is immeasurableI've read and learned quite a l...
Justin K.
Alternate Asset Protection Strategy
So I am wondering if this is a legitimate asset protection strategy and would highly value any mortgage lenders or attorneys opinions. I haven't heard this discussed before.My wife and I own several properties. I ha...
Joseph Hammel
Need a new accounting system!
Hello! I have been using excel for my accounting for 6 years. However with 38 units across 14 properties its becoming an issue. I do use Buildium to do applications, background checks, rent collection, tracking ect. B...
Michael Dunn
Appraiser saying house can not go FHA 203K .....
So I just " re-talked " with the appraiser that came out a week and a half ago, to do the appraisal on the property I am trying to purchase.When he came out, he said that there were certain issues with the house , an...
Josh Jackson
Financing Properties in an LLC
Hi BP community,
I was hoping for guidance on financing a single-family property through an LLC. I am curious about how this can be accomplished and the terms of the loan (I understand I don't need an LLC but I know ...
Christopher Kolasa
Two 1st Time Homebuyers looking at a Multi-Family exploring FHA
Hello, Background: I'm looking to buy my first multi-family rental property, a spacious two family home caught my eye in Rhode Island for about $180,000-$190,000, which should be able to get $3000 in rent a month, it ...
Alissa Hyder
boiler replace - yay or nay
Hi There, I'm a newby investor that ventured into my first multifamily that I am working to stabilize. The property is out of state for me (also a first!) located in Cincinnati. The property is a 4 units - 2/bed, 1/ba...
Jonathan Jordan
Bookkeeping - Is Quickbooks best?
Hello all,Writing to get some bookkeeping advice. I am looking to move up from just excel spreadsheets and it appears that Quickbooks is the most liked option. Writing to see opinions/options on bookkeeping software a...
David L.
Primary Home + ADU as Vacation Rental in HI = Worth It?
So I've already started on a road that I don't know how to navigate. Searched and read as much as I could but unfortunately am under a time constraint. Was referred to BP as a great community for RE discussing ideas...
Toan Pham
LLC for one property?
I know the general consensus is that you should have an LLC for protection but I was wondering if anyone decided to forego an LLC (for maybe an umbrella policy) when they had a single property? I'm in California so LL...