Kylie A.
Best Business Bank Account For Real Estate Investor
28 December 2024 | 13 replies
We also have a bank account at a smaller Chicago community bank, but there technology isn't as good to be honest.I think @Jonathan Greene's main point is don't step over dollars to pick up pennies.
Stephanie Medina
How to leverage 401k accounts
27 December 2024 | 3 replies
For those of you that have good w2 income and want to take advantage of employer matching (100% return!)
Andy S.
Yearly Gross Income Requirement for Rental Application in New Jersey
31 December 2024 | 3 replies
Hi @Andy S. 3x monthly rent for income has worked well.
Stanley Nguyen
Tax on private lending fund
15 January 2025 | 12 replies
Interest income is interest income, unless you decided to roll some of the current cash into a self directed IRA at which point your interest income would be deferred for a later time and allow your funds to grow tax free.
Xavien Rafael
Why Structuring Your Bank Accounts Is Key to Real Estate Success
13 December 2024 | 5 replies
We have an accountant with a chart of accounts to manage everything but I do not see why you need one for operating expenses vs. income.
Andrew W.
Texas Series LLC - Bank Account Recommendation?
19 December 2024 | 14 replies
@Andrew Watson I have a similar setup - One series LLC to One bank account.
Natasha Rooney
Fideicomisos VS. Mexican Corporation for STR in Mexico
16 January 2025 | 2 replies
With a fideicomiso, the gross income is taxed through a withholding tax whereas, with the corporation, the rate, you can deduct expenses but the taxation rate is higher.
Ryan Daulton
Benefits of self-directed IRAs
14 January 2025 | 18 replies
Bought a triplex in 2011 with all cash in my retirement account.
Rebecca Gona
New to STR -Excited but scared- need to learn!
17 January 2025 | 8 replies
@Rebecca GonaBigger Pockets is a great place to find a tax accountant that specializes in short-term rentals.
Rene Hosman
How much time do you spend prepping for taxes?
14 January 2025 | 28 replies
These folks also tend to have all of their income and expenses going through a separate bank account so they just need to look in that one account to get everything organized.Self Managed, High Volume, Not Organized at all - this is the type of people that stress out over tax season.