Hello Everyone,I am creating a proforma for Houston, TX buy-and-hold properties. I wanted to ask the BP community how they account for fixed and variable costs.Currently, my only variable expense is Property Managemen...

As you can see, I am not quite hitting the 1% rule (purchase price * .01 = monthly rent) but this property is still performing. I work full time in a six figure job, have two of these properties and an 8.5% cash on ca...

I have friends interested in joining the REI ride. They want to come onboard as investors/partners. Should I open new LLC with them as partners? I will have bit of my funds and will be doing all the work (finding prop...

Hey all, I'm just at the beginning of my real estate investing journey, and I understand the importance of having a good accountant on my team.  Thus far, I have 3 single family home rental properties here in Tucson. ...

I was the beneficiary of my mother's SDIRA, and she had made a loan to a relative when he was starting a business.  I would like toforgive this debt and clear the asset from my account, but the woman with whom I spoke...

I’ve recently been let go from my company due to downsizing. I have around 68000 in a 401k and am trying to decide what to do with that money.  Options are leave it in, transfer to another account or pull it out(getti...

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Hello,
Can I use a Tennessee LLC to purchase a long-term rental property in Canada?
Thanks in advance,
Cameron

HelloI am starting to use Stessa software for my multifamily LLC instead of excel sheets I am using now. I used to have an excel sheet for each property, but I am not sure now if I have to allocate every expense and i...

Hello All, I am currently house hacking and have been living in one half of my duplex for 13 months. I got a letter in the mail today from my mortgage company saying that I've had an escrow shortfall in my account. Ba...