David Woodside
500 hour rule - material participation
15 January 2025 | 12 replies
Readers should seek professional advice.
Pranav Patel
22 with ~$50K saved up, is it too soon to start?
16 January 2025 | 9 replies
Any general advice is much appreciated.You should house hack to start.
Samuel Kim
Real estate professional status 750 hours doable?
19 January 2025 | 14 replies
Do not rely on it for legal advice.
Celine Besson
Managing a renovation from afar
14 January 2025 | 6 replies
Do you have any recommendations or advice to share?
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.
Andrew Katz
What year do I count income for?
15 January 2025 | 9 replies
Readers should seek professional advice.
Jason Baker
Going To College For Real Estate The Right Move?
6 January 2025 | 7 replies
The best advice I can give is this: if you weren’t planning on RE would you go to college?
Jasmine Thermitus
Primary to Rental Property
15 January 2025 | 15 replies
I've done quite a bit of research on my own, but I’m curious to hear your thoughts on what might be the best approach.Thank you in advance for your advice!
Marc Shin
Strategy for mixing MTR with STR
10 January 2025 | 5 replies
Quote from @Marc Shin: @Keagan Scott on any advice you have to help me increase my bookings would be appreciated!
Paula Impala