Hello, I am new to real estate. What do you do with the monies set aside for capex (expenses)? Do you keep it in separate account? Do you invest?It hurts me to keep them in the bank (saving account) that makes less th...
I thinks it’s a good idea to find a CPA and Attorney for your REI business that also invests in real estate. How many of you use an Attorney or CPA that are not local to you?
I’m using equity trust company to handle my self directed HSA account and purchased a house last week with seller financing and I have a triplex that we bought and the financing is through someone else’s self directed...
Hi everyone! I'm starting a job at a company that will match my contributions made to a 401k or Roth 401k. I'm trying to figure out the best avenue so that I can use the money in either account to fund real estate inv...
When calculating numbers for rental income, what is a fair estimate for repairs/ maintenance? And what is a fair estimate for Cap Ex? Is there a commonly excepted percentage for single family vs multi family?
what platforms do you all recommend to collect rent? Best for price and purpose. TIA!
Hi BP.... We are soon closing on our first investment property and decided we will manage it on our own, but now I need your help. I've read and listened to many BP forum/podcast and it seems like we are going to star...
I sold a house owned in a land trust. My LLC is the beneficiary and I am the trustee. The proceeds check is written to the 123 Main Street Trust. The trust does not have an EIN or bank account. I am having trouble...
Hey everyone. Just starting out with out of state investing, gathering my team. Looking for a real-estate friendly tax specialist in the Wisconsin area. I live in California, so someone who can work well with out of s...
I am a first-time property owner, and I just purchased a triplex; I kept the original landscaper. He doesn't send out invoices and just gets paid by zelle. How do I write that off at the end of the year, if i have no...