![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2119912/small_1630082477-avatar-janines20.jpg?twic=v1/output=image&v=2)
12 January 2025 | 7 replies
Anytime... we have one accountant who focuses on our MHP and multifamily clients.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3162388/small_1735533753-avatar-patrickw362.jpg?twic=v1/output=image&v=2)
14 January 2025 | 2 replies
-PatrickA high yield savings account has a number of advantages.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3047264/small_1718851346-avatar-markg708.jpg?twic=v1/output=image&v=2)
6 February 2025 | 10 replies
They don’t have a retirement account.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2953226/small_1708481999-avatar-albertg79.jpg?twic=v1/output=image&v=2)
27 January 2025 | 12 replies
@Albert Gallucci as many have pointed out, in the commercial space of 100+ apartment buildings and offices, property classes have some pretty decent industry standards.We started applying these to 1-4 unit properties around 10 years ago, which you can verify on our blogs, because we saw too many newbie investors not properly taking into account things like, neighborhood status, tenant pool, property condition, etc.Unfortunately, there's no industry standard for this, but you can use some basic logic to think your way through your own Classifications.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/576556/small_1621492967-avatar-joea53.jpg?twic=v1/output=image&v=2)
11 January 2025 | 420 replies
We need to account for both in this analysis.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2327405/small_1737073932-avatar-ethana75.jpg?twic=v1/output=image&v=2)
20 January 2025 | 7 replies
It is important to take into account the future of your investment.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/714559/small_1698423529-avatar-nicholes9.jpg?twic=v1/output=image&v=2)
23 January 2025 | 16 replies
This account stayed at the same number for years but I didn’t really think about it.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3171473/small_1737233964-avatar-nicka346.jpg?twic=v1/output=image&v=2)
23 January 2025 | 16 replies
That could be just federally, however...Against $35K income:1) I take $23,500 W2 which 100% goes into Solo 401K --> No income tax You have to account for taxes like FICA and Medicare so this will be closer to $25-$26k.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3096168/small_1736813317-avatar-pamelar81.jpg?twic=v1/output=image&v=2)
23 January 2025 | 5 replies
That’s correct, a foreigner can buy property through a Mexican corporation, which is a great option for those investing in multiple properties or running a rental business.Key Points I'd like to add to your post:Setup Costs: $1,500–$3,000 USD.Ongoing Costs: $1,000–$2,000 USD/year for accounting and tax filings.Benefits: Allows tax deductions for expenses like maintenance, repairs, and management.Best for: Multiple properties or income-generating investments.For a single property for personal use, a fideicomiso is often simpler and more cost-effective due to its lower maintenance requirements and feesUltimately, choosing between a corporation and a fideicomiso comes down to your investment strategy.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2756804/small_1695206217-avatar-pawang3.jpg?twic=v1/output=image&v=2)
14 January 2025 | 2 replies
I think I went through 3 different people that were over my account because they would quit.