Demiss G. Shippley
House Hack (2-3 units)
Hey everyone, I am a newbie here. I currently live in Brooklyn, NY but I am considering to move to Albany, NY with my wife and my daughter maybe within 8-12 months. What caught my attention about Albany is that House...
Frank W Lentine
LLC report tax on Sch C or Sch E
New Pro member in Phoenix, AZ. Just filed personal tax return for 2017. LLC holding our first 4 plex was filed a while back. I was surprised to find that depreciation was not deductible and loss was not reported as...
Chelsea Ziss
Agent Commissions, rental income& flips - help with structure?
All of my income is real estate related. I make real estate commissions, I have a couple rental properties, and am about to embark on my next endeavor, a flip. I'm also looking to purchase a duplex or possibly 4plex.R...
Erica Gregory
Accounting software questions
I have one SFR with no property management company but I will be closing on 3 more doors in the next couple of weeks. I want to hire a property management company and get accounting software to stay organized.Which so...
Justin Case
Refinance Owner Occupied question
I have been traveling for work and I am moving back into one of my multi family homes. Anyone know if I have to live here for some duration before refinancing?
My mailing and business address is a relatives since I ...
Dan Graney
Keeping track of expenses as a new business
I know that I want to move forward and become a real estate investor. I am buying some books, accounting software and incurring some legitimate business expenses like mileage as I look at potential properties.What is...
Curt Bixel
What electrical work can I do without calling in a licensed elect
I’m curious where the cut off is. I’m pretty confident I can change a lightbulb on a rental property without calling a licensed electrician. At the same time I’m also quite sure that I cannot rewire and electric panel...
Steven Horvath
How Much Homeowners Insurance?
Just wondering what the correct way to do things are. I currently have homeowners insurance on what i owe on my rental (80k) not the value of the property (105K). Should my rental be insured for the full value of the ...
Greg P.
how to get credit lines of 20-40 million?
I've heard of people getting credit lines of 20-40 million with no problems. They have relationships with the banks etc, but what do you need as far as networth or income to actually get this amount of money from the...
Shonna Parker
Need Advice on How to Finance a Deal
Hello all, this is my situation and my husband and I disagree on the best course of action. We have a house that is worth $135,000. We owe $40,000 and it will be paid off in 8 years. We just bought a house at an aucti...