All Forum Posts by: Diyan Yap

How many years is your long term view on farm land investments?

Better to set up the entity in the state where the rental property is located.

90% of my clients do not know. Even though I told them a few times, they will ask again. 

Look on the county record OR pay the title company to research it 

One person is highly recommended

Baseline is good for banking + tenant-rent management + simple bookkeeping.
My DIY clients like it, easy to use and user friendly.
BUT Its not full capacity as accounting software, it does not use a double-entry system, which can help in balancing an account.

Lenders will see CCC --  Creditor, Capital, Collateral 

Is it in partnership OR Individual tax return? 
Tax reported as 12/31, if you need to find out the current month basis you need to see your Balance Sheet.
Tax return e.o.y shows on Schedule L

Join local Wilmington Real Estate Group and start to learn Real Estate IRA so you have free tax retirement $$ when you are 59,5 y.o

Have you thought about AirBnB, they can visit/stay with you while they rent it and earn income.