Ben Pearce
House Hack Accounting Help
16 February 2024 | 6 replies
So, I recommend that you manage it carefully to make sure that you run as close to breakeven as possible.The second issue with any corporation (including LLCs filing as S-Corps) is having the corporation own rental real estate.
Karelyn Cruz
CPA recommendations for PR STR
15 February 2024 | 3 replies
Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.
Warren Wright
Purchasing a property I am renting with a 1031 exchange?
16 February 2024 | 5 replies
The key issue seems to be that I not have an ownership interest when I am renting the property.
David Green
Using IRA to buy rental property
16 February 2024 | 26 replies
If you are going to have a larger taxable event look at what makes sense via your tax bracket.
Travis Bohling
Best Practices for MTR; Utilities, and Furnishings
14 February 2024 | 20 replies
For tech issues, it depends on what it is.
Ell Jay Lindsey
How is anyone making $ right now?
18 February 2024 | 54 replies
How can you make this "issue" a profit center?
Account Closed
Do I need a CPA? ANSWER INSIDE
16 February 2024 | 15 replies
If you expect to have a more dynamic need - say you'll be investing nation wide and will need to address State and Local Tax issues in a number of different jurisdictions, or you'll be buying a property in the Caribbean, or you want tax advice on your estate/trust/gift planning, or now you are hiring employees and you want to ensure you are getting help when it comes to tax considerations of your employee benefit plans, or whatever avenue you go - maybe a Regional firm or one specialized in real estate all over will be your best fit over the more mom and pop practitioner.I always disagree with needing to work with an accountant that invests.
Clint Harris
STR-Anyone also renting golf carts or EVs?
16 February 2024 | 15 replies
Those that do not offer the carts with their rentals are mostly concerned with the liability issues.
Ty Martell
Referral for a collection agency
16 February 2024 | 4 replies
Following this post as I have the same issue and would like some suggestions.
Kalp Mehta
How does my analysis look?
15 February 2024 | 1 reply
You are only borrowing a small portion of the total money in the deal which leaves a larger amount of equity in the deal.