Joseph Almeida
LLC bank account while being recognized as a S-Corp
20 March 2024 | 5 replies
Not a CPA or tax professional.I’ve never audited every single line item of my S-Corp tax returns for over 18 years, and I’m truly curious why it really matters in one years instance, what corporate account was used to conduct business, as long as the financial information is accurate and correctly reported from said dedicated business account.This should be a separate issue from proper and legally correct business operations, ie a checking account with correct tax ID, no outside commingling of funds with self or other business entity.
Jeremy Baker
Interested in Learning More
20 March 2024 | 2 replies
It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best!
Blake McWilliams
Insurance Rejection In Illinois
20 March 2024 | 6 replies
Also check the fire departments ISO rating.
Ryan Marble
HELOC to buy STR's?
20 March 2024 | 13 replies
Check out Awning.com's AirBNB estimator - https://www.awning.com/airbnb-estimatorIt is free and can augment your data.
Dan Stelter
Where to start for an introvert with no/little money?
20 March 2024 | 11 replies
Check you local Real Estate Club first.
Jacob Dionne
The NEXT one......
20 March 2024 | 3 replies
Hi - a lot of people in your situation move from conventional to "DSCR Loans" for this exact reason - since its hard to scale meaningfully when needing a DTI ratio to qualify (one of the main benefits of DSCR is no DTI ratio in qualification).Check out this 10-part guide on all you need to know on DSCR Loans published on BP!
Yi Chu
HELOC or Business Checking Account to buy a property
17 March 2024 | 1 reply
1) make the payment directly from my HELOC account2) transfer the money from HELOC to business checking account, and then make the payment from my business checking account.
Elaine Chua
Are Milwaukee or Madison properties a good rental investment
21 March 2024 | 25 replies
But some people do.As an agent, my team works with a lot of investors and based on experience we require OOS clients to meet with us in Milwaukee at least one time to check out neighborhoods in person.
Star Reid
First deal closing in mid april - now what? HELP!
20 March 2024 | 4 replies
I’ll also check out all the others!!
Yi Chu
HELOC or Business Checking Account to buy a property
17 March 2024 | 1 reply
1) make the payment directly from my HELOC account2) transfer the money from HELOC to business checking account, and then make the payment from my business checking account.