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24 September 2024 | 2 replies
We are looking for an attorney with experience that can construct an operating agreement for an LLC for an acquisition of a multi family property in the state of Arizona.
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25 September 2024 | 18 replies
I am a CPA operating a firm myself.
23 September 2024 | 10 replies
How about "Beyond The Pro Forma" - Hidden expenses and revenues/opportunities as you operate/asset manage a property....
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23 September 2024 | 3 replies
A spreadsheet has its place in your daily operations and tracking efforts, but I highly recommend starting with a software like QuickBooks Online to track your expenses in a more formalized manner.
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25 September 2024 | 8 replies
My Realtor has since voiced that there were bad operations on the team and multiple mishaps with other clients — Realtors putting amendments in front of clients the day of closing and their inability to effectively communicate with clients the amenities of the units.
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24 September 2024 | 14 replies
This ordeal has shed light on the risks associated with relying solely on fintech apps, particularly those that operate without a banking license and depend on third-party banks for processing.
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24 September 2024 | 5 replies
My wife and I own 4 units and operate a 5th as an MTR arbitrage, and we definitely use furnishedfinder.com as well as AirBnB and Vrbo (min 16 day stay and no instabook).
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25 September 2024 | 9 replies
Interest income from fix & flip loans is typically considered passive income and not subject to self-employment (SE) tax, but other fees like origination fees and loan servicing fees might be subject to SE tax, as they're seen as part of active business income.However, because you're operating through a partnership LLC, some accountants might interpret that income as ordinary income, which could be subject to SE tax.
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30 September 2024 | 46 replies
These are all mom-and-pop operations, so setting this up was easy.
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20 September 2024 | 12 replies
Do you mind inboxing me or posting your lender that you used for the subject property.Congrats on a seamless, positive transaction.