![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1156872/small_1695270469-avatar-garrettj23.jpg?twic=v1/output=image&v=2)
14 September 2018 | 3 replies
If we all had 20/20 foresight, we’d just buy Apple or amazon or Microsoft or google stock with 50-100% annual returns sometimes and live our normal lives while our investments exploded in value.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1156832/small_1621509690-avatar-tims286.jpg?twic=v1/output=image&v=2)
13 September 2018 | 3 replies
I wanted the ability to quickly change variables and to see worst case scenario #s, as well as to account for all expenses involved in a remodel (by line item).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/642361/small_1644964041-avatar-pauls169.jpg?twic=v1/output=image&v=2)
17 September 2018 | 7 replies
To perform a 1031 exchange would cost your 700 - 1000, For your accountant to fill out the form 8824 reporting the 1031 would be another $125 - $500.
14 September 2018 | 2 replies
Another option is to turn their account over to collections, which does not require going to court first.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1127261/small_1621509295-avatar-clairef6.jpg?twic=v1/output=image&v=2)
13 September 2018 | 4 replies
Most of them seem to want to use a debit card rather than their routing and account number for automatic withdrawal.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/5390/small_1621347402-avatar-toben.jpg?twic=v1/output=image&v=2)
19 December 2018 | 14 replies
Assuming you get a P&L share it with your accountant.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/691089/small_1701117867-avatar-josho19.jpg?twic=v1/output=image&v=2)
20 October 2018 | 11 replies
A 1031 is very easy to understand and most can be found online for free or through a phone call to your accountant or a friend who's an accountant.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1142018/small_1621509515-avatar-quinting2.jpg?twic=v1/output=image&v=2)
14 September 2018 | 7 replies
After you form it at the state agency you’ll need to get an EIN number from the IRS (you can do this online at IRS.gov) to be able to open and bank account.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1031109/small_1621507797-avatar-chelsier2.jpg?twic=v1/output=image&v=2)
10 February 2019 | 19 replies
Partnerships are easy to get into, not always so easy to get out of.I occasionally listen to a podcast done by an attorney and accountant named Refresh Your Wealth that has covered partnerships a number of times, most recently this past April in Business Partnerships – Do's & Don'ts so it might be worth a listen.In any case, congratulations on working on your first investment property, and be sure to say hello if you come to the next RIREIG meeting!
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1012714/small_1621507427-avatar-jamess494.jpg?twic=v1/output=image&v=2)
20 September 2018 | 6 replies
Account Closed - Thank you for the info!