
1 June 2024 | 3 replies
I would prefer to manage everything through the LLC's account for bookkeeping and tax purposes.Proposed Solution:Open a new joint personal account specifically for making mortgage payments.Transfer the monthly mortgage payment amount from the LLC's business checking account to the joint personal account.Document these transfers as "Owner's Draw" or "Owner's Distribution" in our accounting records.Use the joint personal account to make the mortgage payments.Questions:For the CPAs and accountants out there:What are the tax implications of this approach?

3 June 2024 | 1 reply
specifically the Bahamas?

3 June 2024 | 10 replies
So, I'm about to close next week, and I've been looking at commercial properties, specifically 5-8 unit ones.I recently made an offer on an 8-unit building in the Southeast, which seemed like a great deal.

3 June 2024 | 7 replies
Don't make asks, just ask questions.You take that relationship building and add to it podcasts with guests specific to multifamily and books on multifamily so you fully vet that as an option.

3 June 2024 | 3 replies
It's important to gather as much information as possible to make an informed decision.If you have any specific questions or need further details, feel free to reach out.

3 June 2024 | 4 replies
University Heights is a solid area, but I’m curious—what drew you to that neighborhood specifically?

2 June 2024 | 1 reply
Legally I’ll occupy 1 unit and rent out the other 3.

3 June 2024 | 3 replies
So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

3 June 2024 | 8 replies
Specifically, I'm looking to see whether anyone has an agent that is specialized in these two areas.

3 June 2024 | 5 replies
Doing this today should we insist on the seller of the house having legal representation?