Mason Carter
Best place to learn Quickbooks for my business
9 December 2020 | 5 replies
More complicated transactions like purchase, refi, or sale of property require more technical knowledge, but you can have your accountant handle those kinds of transactions.
Jess Kempf
Bigger family- moving AND first investment
8 December 2020 | 6 replies
Renting your existing primary is a complicated question.
Joshua Nackenson
New to Bigger Pockets -- Physician Investor
10 December 2020 | 13 replies
Others may need to be creative, you just need to make sure you hit a simple savings rate and invest competently. i appreciate the advice. my plan is to be saving about 75k/year while I'm paying off student loans and then jump up to about 125-135k/yr once loans are paid off. since my most immediate term goal is to reach partial FI (have the FI to work part time) I see REI as a means via cash flow.the other complicating factor is I think the financial prospects for my field are quite bearish and anticipate a decline in salary in the long term due to: -decreased reimbursement from medicare, increase in PAs/NPs, and and significant increase in residency training programs which will create a surplus of Emergency Physicians -- all of this leads me to believe that if I want to maintain a high savings rate in the future I may have to work even more to get the same income I'm currently getting.
Kia Afshar
Having a property management company with rental RE
8 December 2020 | 6 replies
There may also be some benefit to creating a s-corp LLC structure in which you can expense to the LLC a PM Fee from your property, in order to save some on "self employment taxes", but that sounds really complicated and more fit to ask a CPA about - which I am not, just to be clear.
John R Behrns
Legally, W-2 process and collecting rent, Fort Lauderdale
24 December 2020 | 3 replies
If your looking into purchasing more properties for business use then perhaps an LLC would be more beneficial but once again, it is up to you and your preference.Before filing your taxes, get in touch with an accountant or CPA who is well versed in Rental Properties and discuss in detail so that you can maximize your deductions.It may seem like a huge complicated process but I assure you it is very simple once you get the hang of it.
Alicia Harrington
Property analysis calculators
7 December 2020 | 0 replies
I was trying to work through the BP analysis calculator and it is sort of complicated.
Trevor Naumann
The ins and outs of Forclosure properties
13 May 2020 | 1 reply
We also have some videos here that would work in all non judicial states- https://www.youtube.com/channel/UCb7f7Yl2zmGOFkffpiABEIgHere is a great one too- Goes into 5 steps of investinghttps://www.facebook.com/108922272498555/videos/1640422196015214
Ryan Espinosa
Oakland, CA native beginning real estate journey
17 May 2020 | 10 replies
It's not really that complicated to buy out of state.
Roshunda Jones
New member-Military mbr living overseas looking to buy a home
14 July 2020 | 45 replies
It's not really that complicated to buy out of state.
Duncan Hayes
Investors with 15+ Years in the Biz
14 May 2020 | 7 replies
I have to remind myself when I feel like I’m over complicating things, and reverse engineer that very first deal to remind myself to keep it simple.