Christian Solis
Choosing my business entity
27 January 2025 | 3 replies
Lenders will want to see the filed Articles of Organization, an Operating Agreement that you can get from your attorney or, if you're brave and it's just you on the LLC, some people use Legal Zoom or Law Depot.
Caryn Fischer
Tax question with selling a house
22 January 2025 | 4 replies
For 2024, the annual gift tax exclusion is $18,000 per recipient (rising to $19,000 in 2025), and amounts above this require filing a gift tax return (Form 709).
Matthew Orr
Should I sure for specific performance?
28 January 2025 | 9 replies
Should I file suit to make them sell the property?
Morgan Vien
I live in CA and am buying a rental property in OR. Advice on LLC + Taxes
27 January 2025 | 8 replies
@Morgan VienCalifornia is generally more cumbersome than other states when it comes to taxes and filings.
Nathan Nathan
Help required to create LLCs in Wyoming/Georgia/Michigan
27 January 2025 | 11 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
Ananth Subramanian
Post eviction: Collecting Judgment amount
16 January 2025 | 8 replies
Suggest you check in with him/her on this additional service as your attorney is already intimately familiar with the file and you can often give them pre-authorized amounts to settle on vs trying to squeeze all the blood from that turnip.
Account Closed
PM needs ss#
22 January 2025 | 14 replies
Quote from @Zara Massoud: Your new PM is correct and the old ones were wrong.The property manager must have your social security or tax ID number on file.
Brett Riemensnider
First Year Rental Owner
19 January 2025 | 1 reply
You might need to file 1099s if you used contractors or other people whom you paid for labor:https://www.biggerpockets.com/forums/51/topics/1167632-expla...
Kevin Brown
Best Accounting Software
29 January 2025 | 7 replies
I find that it's almost a one stop shop in that I can use it for my business checking and savings accounts, bookkeeping, for rent collection, I can issue virtual credit card, I can create all the financial reports I need to run my real estate business and prepare for tax filing and through their partners I can vet my tenants, develop state-specific leases and more.
Marc Zak
LLC Insurance and Taxation
26 January 2025 | 6 replies
Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.