Cameron Marmon
Did I mess up when establishing this LLC for my wife and I?
28 January 2025 | 11 replies
Quote from @Sharon Bancroft: @Cameron MarmonI had this same situation and my tax accountant filed the change for me ( one time filling) and we now file it on our personal as a disregarded entity.
Brice Alef-Torrisi
Managing finances between multiple properties
14 January 2025 | 7 replies
I operate 14 properties from the same checking account.
Ryan Vienneau
Buildium users - how do you handle credit card tracking???
14 January 2025 | 8 replies
If you are able to setup a credit card identical to your accounts payable accrual account, it should operate the same.
Ana Maria
Anyone ever bought an investment property through SDIRA Wealth?
27 January 2025 | 35 replies
It seems like anyone can post anything without accountability—very concerning.
Christian Solis
Choosing my business entity
31 January 2025 | 4 replies
This is a question for your attorney and accountant on how you will manage the company etc.
Jason Lopez
Do I need an LLC for my rentals?
31 January 2025 | 9 replies
It's just going to cost you quite a bit of money to have your accountant prep all of them.
Jordan Miller
Does this property make sense to hold onto?
31 January 2025 | 4 replies
I just had to take extra money out of my personal account and funnel into my rental account.
Shaun Palmer
North Carolina - Security Deposit Trust Accounts
22 December 2024 | 14 replies
It can just be held in a savings account, no special account needed, but I always keep mine in an account separate from anything else.
William Nast
The big dream: Aspirations of a young man.
10 January 2025 | 6 replies
Ever since that conversation I went on a deep dive of research and studying to figure out how to accomplish these wild ambitions of mine.She helped me get my first property when I was 24 years old, which we ended up selling after a few years and using the revenue to purchase another property.
Melissa Stanley
Starting with a Friend (LLC?)
28 January 2025 | 6 replies
If you go with the partnership route1) You need to manage the money going in and out of the business bank account.2) File a partnership return and be responsible for issuing K-1's3) make distributions to you and your partner for cash flow that you receiveYou will likely spend many hours on a nice gesture.I may want to consider instead to give a christmas gift or a bonus for early completion of projects.