Janine Sharma
1099 or W2 for onsite MHP property manager?
12 January 2025 | 7 replies
I am no expert and just do what I am told.
Renee Tan
How can I learn Yardi?
16 January 2025 | 9 replies
You won't be really able to find a tutor.I consider myself a Yardi expert focused on accounting.
Joshua Houchins
Accounting Software?
9 January 2025 | 16 replies
I disagree with asking your CPA what they like unless your Tax CPA is an expert in the same specific industry you are in.
Ilia Zakharav
Convert 6 unit multifamily into condos, 1031 after
9 January 2025 | 2 replies
I bought 6 unit property in Wildwood,NJ,in November 2024, doing rehab now, should be done by May 2025I am planning to subdivide 6 unit building to 6 separate condos and sell fall 2026, , if there are any experts in 1031 that can help me?!
Brice Alef-Torrisi
Managing finances between multiple properties
14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.
Jason Khoury
Purchasing Vacant Home from Non-Profit
12 January 2025 | 6 replies
I hired my own expert and discovered these issues did not exist but that the expert the 3 buyers had brought in wanted to be hired to do the work so they blew them out of proportion.
Stanley Nguyen
Tax on private lending fund
21 January 2025 | 14 replies
@Brian Eastman , @George Blower , and @Dmitriy Fomichenko are all experts in the SDIRA/Solo 401k arena and, I'm sure, will be happy to give you more details.
ZZ Song
Any experience with Prime Corporate Services?
20 January 2025 | 31 replies
The entire reason I hired a company is they are the experts and I expect them to take full accountability of making sure I am in the know and 100% compliant.
Ilia Zakharav
Convert 6 unit multifamily into condos and 1031 individual units
6 January 2025 | 1 reply
I bought 6 unit property in Wildwood,NJ,in November 2024, doing rehab now, should be done by May 2025I am planning to subdivide 6 unit building to 6 separate condos and sell fall 2026, , if there are any experts in 1031 that can help me?!
Jaedon Stout
Looking for Real Estate Investment Strategies Using Funding
13 January 2025 | 5 replies
A lot of my clients want to get into real estate, but I’m not an expert on the investment side, so I’m looking for some advice.When it comes to using funding like this, what strategies do you think work best?