Hi everyone,I’m currently scaling my Airbnb business and reinvesting all my property’s income into growth.

How do you like to advertise your business?

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

If you own 25% or more of any LLC you are required to register with a FINCEN ID for beneficial ownership by January 1st or you could be subject to $500 per day fines.Have you taken care of business?

I’m new to the field, but I’m eager to learn, connect, and grow with like-minded individuals who have experience or are also just starting out.I’ve always been drawn to entrepreneurship, and wholesaling real estate caught my attention as a great way to build a business while helping others find investment opportunities.

As investors (buying a home to live in or to house a business we own is DIFFERENT), 90% of sellers will NOT (at least at the present time) accept an offer that makes sense for the investor.  

Just wanted to avoid mixing family and business  

@Pixel Rogue The cash out proceeds should be for business purposes such as investing in another RE project. 

Here is some info: SF STR FAQAssuming the info is up-to-date, it must be your permanent residence (you must live at the property for a minimum 275 days a year), you can rent unhosted a max of 90 nights a year, you need a business license, and you need to pay the city $925 for a STR certificate.

Short-term rentals can be a great starting point, especially in markets with high tourism or business travel.