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I don’t own my primary home outright. However, the purchase of the property did included three separate parcels on one deed. My question is, can I use one of the separate parcels as collateral for a construction loan ...
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There's a scenario where a borrower would like to pay upfront for 6 monthly P&I payments. Are there any legalities or statues to consider? I was thinking one could setup a separate bank account, deposit the upfron...
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I’m a newbie investor closing on my first property this Friday. I had a question about different bank accounts and how to allocate rental income. I am starting an LLC but have decided not to open up a business account...
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I have a 4-plex with a well and I’m redoing my plumbing so that I will have 4 hot water heaters. I know city water multi units are almost always independently metered, should I independently meter off my well? How do ...
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I have a primary residence mortgage, I live in part of my property and rent the other parts. I have a regular 9 to 5 job where I get a direct deposit to my checking account. Should I deposit my rent money in the same ...
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I am about to acquire my first rental (4plex) multifamily unit. (this is a seller finance deal) I need some advice on the best way to separate the money I need to save for operating expenses, from my cash flow. Should...
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Is there anyone that is familiar with the Jackson, Michigan market? I am trying to analyze small multiunit properties, but I am having trouble with utility costs per unit. I think my numbers are coming out way wrong b...
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I have rental property 280K @4.25% value around 450K and construction loan 155K @10%Should i cash out refi now toBring down the 155K ?Any ideas much appreciated.Thanks.
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I am hoping someone can help. I recently remarried a few years ago and my wife and I have begun investing in buy and hold properties. However we have a situation where we have a his, hers, and ours. Both her and I ...
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Hi Everyone,For QuickBooks setup, should I setup a separate company for my rental and flipping business? Both are currently operated within one LLC/Tax ID.