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Results (10,000+)
Hannah Potter When to hire a CPA?
19 April 2024 | 15 replies
@Hannah Potter Here are the things that many CPAs support their clients with:Understanding tax impact of short-term vs. long-term vs. flip before you buyWhich entity structure is best for goals and investment property typeTax and compliance on LLC or S-CorpHow to transfer property out of personal name into LLC (hard to buy 1st through entity)Ways to optimize taxes throughout the yearHow best to set up accounting to track income and expenses (doing this late is a mess)Feedback on property management systems, accounting systems. systems, etcEstimated payments to avoid penaltiesKnowing when to file and getting things in on timeMaybe a few things I missed, but this is the high-level ….. if you can get answers to the above questions on your own, plan, and file your own taxes then you can avoid the expense of a CPA.
Derek Morrison What Would you Do?
19 April 2024 | 5 replies
Me personally, I would save up a little bit more to at least 30K.
Lane Mcdonald Necessary to have someone else do the accounting?
19 April 2024 | 8 replies
There are several popular programs out there, but personally I like Baselane because it's specifically for real estate investors so all your transactions will fit into the Schedule E you're going to need at tax time.
Jesse Jones What would you do?
16 April 2024 | 7 replies
-STR / MTR-Section 8-Single tenant triple net-Other commercial RE investments such as storage facilities or RV parksThere are so may options and I'm at the point where I realize I know what I don't know, so I am open to any and all ideas.
Michael Alexander The Offer Sheet
19 April 2024 | 10 replies
One person's unique could be my ordinary, and vice versa. 
Cody Cavenaugh Investment Property Loan
19 April 2024 | 14 replies
A Debt Service Coverage Ratio (DSCR) loan for investment properties is often considered better than a traditional mortgage for several reasons such as: it focuses on the property's income rather than your personal income.
Collin Hays Lawsuit Part II: Negligence versus gross negligence
18 April 2024 | 16 replies
CGL coverage will cover property damage, personal injury and  bodily injury but not many other issues that often arise, particularly during construction. 
Melanie Hernandez Who has a successful Airbnb rental abritage
20 April 2024 | 19 replies
@Jake Mercer would be a good person to reach out to and so would be @Fakaradin Floyd.
Noah Condon Starting a House Flipping Business
19 April 2024 | 16 replies
Anyway, just something to think about.At the end of the day you are personally responsible for the success or failure of your business so you need to decide how you want to run it.
John Lubin Which financial metrics to use when deciding to keep or sell a rental
18 April 2024 | 4 replies
Personally, I would look at the equity and would let that be my deciding factor.