All Forum Posts by: Sean O'Keefe

I live in California and am buying a rental property in Oregon. I need to know if I should start an LLC for this property in Oregon or in California? How do I navigate taxes on this property between the two states, I only plan to have a rental property in Oregon right now, but I will be living in California.

Hi - I used to be a part of REeBroker Group which had MLS-only membership. However, they are merging with another company next month which does NOT have MLS-only memberships. I am a licensed CA real estate agent and need MLS access only to look for my own deals. Does anyone know of any real estate brokers in California that offers the MLS-only membership as I don't want to pay all the extra fees to be a part of CAR/NAR. Thanks in advance!

Hello BP community,

I currently own two LTRs (one in MS and one in CA), and will hopefully soon own one STR (CA). All of my properties are currently owned directly by me.

I've been advised to hold each property in an LLC, however I've also been advised that insurance on properties held in LLCs is more expensive and harder to get.

I have another friend whose properties are help in a trust. I've also held of holding properties in individual LLCs that are owned by one S corporation, which allows for a 60 / 40 split between ordinary income (regular tax) and dividends (capital gains tax rate).

With the goal of minimizing taxation and liability protection, what would be the recommendation from more experienced people here?

Hello all! 

I am back here searching for a new CPA in the Orlando or central Florida area. I am a real estate agent, real estate investor, and also work in television production. I would need a CPA with experience handling filing for multiple businesses and one who can offer tax planning and strategies. It's a huge plus if they have also worked with clients in the broadcast television industry - not every accountant is familiar with that field and how to strategize write-offs, etc. 

My current CPA got a promotion and is no longer serving in the same role. :( I'm not happy with the new structure that the company has - they are growing to be a big firm giving me less and less access to direct communication with their accounting team. I'm looking to build a business relationship with my CPA, one who I can trust and work well with as I grow my businesses. I'm not opposed to a bigger company but I would like to be able to communicate directly with my CPA and not have a middle man. 

(A few of you have DM'd in the past - I'll be reaching out to you as well!)

Thank you in advance for your recommendations!

-Abby

@Sean O'Keefe would you mind sharing the REPS tracking sheet with me?

Looking for a CPA in the Gilbert area. Starting out and need a teacher. Have one rental and just wanna start out on the right path. Thank you

I bought my first rental property in Killeen last year and I currently live in Colorado, I was wondering if anyone knows of an accountant who can help me file this year. Any help would be greatly appreciated!

@Sean O'Keefe can I also get a copy? 

@Ignacio Vidal Traver This thread also has a great hours tracker / activity log https://www.biggerpockets.com/forums/51/topics/816680-real-e...