All Forum Posts by: Brent Causey

@Manolo D. which book ?o

I am looking to pay someone to spend about an hour with me on a remote session looking over my quickbooks file on my established house flipping business. Doesn't have to be a CPA, just someone who has a house flipping business and can show me how they classify and break out things on the real estate transaction side of things, as well as any advice on categorizing repairs per house ,etc. I am willing to pay and am an IT guy so I can easily get you connected with me on a go2meeting.

Thanks in advance

Brent

Keywords: CPA, Louisiana, House Flipping, Accountant, House Flipping Accountant

I am looking to pay someone to spend about an hour with me on a remote session looking over my quickbooks file on my house flipping business. Doesn't have to be a CPA,  just someone who has a house flipping business and can show me how they classify and break out things on the real estate transaction side of things, as well as any advice on categorizing repairs per house ,etc.  I am willing to pay and am an IT guy so I can easily get you connected with me on a go2meeting. 

Thanks in advance 

Brent 

Keywords: CPA, Louisiana, House Flipping, Accountant, House Flipping Accountant

I'd recommend an LLC simply because it's cheap and limits any liability on you personally. Not sure how you'll work that if you've already purchased the house personally. I'm not sure it matters who the check is written to, as the house is in your personal name. I was taught, if something catastrophic happens at the home (fire, flood, death, etc.) and the tenants sue you - they can, technically, only get what the LLC "owns". So, if they sue you for 500k and your LLC owns a house worth 100k and the judge rules in their favor, then they get the house. If it's in your personal name then they can come after your personal assets such as vehicles, retirement, 401k ,etc. Hence the "Limited Liability Corporation". Also, I carry extra insurance for this very reason. All is well until someone gets hurt. A lawyer could probably clarify this, but this is how I understand it to work and why (smart) people do not rent homes personally.

it appears I'm only bidding on 2016 but 14 and 15 show delinquent in the PDF copies. @Adam S.

This is a really old topic  but I do have a question on this same topic. I'm looking at a property on civicsource that is for the 2016 tax year, but I see where 2015 and 2014 are also unpaid. Is there any reason to pay the 2 past years? would that "speed up" the  3 year process? Is it possible someone else has already paid those? Just curious. @Adam K. @Adam S.

I am looking for a good financial adviser in Louisiana who specializes in real estate transactions and/or is an investor themselves. I am in North LA but would be OK with someone in another part of the state. Thanks in advance - Brent 

@Brian Smith - Kitchen cabinets all got new doors. Custom build where the frige was. Bathroom tile was coated with a product from rustoleum  that can be found here

Hey Sara!  Welcome to BP! You and I seem to have very similar goals and hobbies. We are also neighbors, I live in Ruston!

I'm an IT director by day and an investor by night. I'm writing usually letters to property owners, looking at property online, or in excel crunching numbers. I'm a couple years in on REI but just finished my first flip and have a few rentals.

Let me know if you ever need anything or would like to discuss north Louisiana investing.

@Jay Strickler 

Walnut ave - over near cypress springs area 

I subbed it all out. I acted as the contractor 

I'm going to send you a PM with my email we will for sure get together. Would like to talk.