Reyna Ayala
How many bank checking /saving accounts are needed as a first time landlord
8 January 2025 | 10 replies
If you have an LLC, the accounts should be business accounts in the name of the LLC.
Joshua Houchins
Accounting Software?
9 January 2025 | 16 replies
@Kevin Wood: For those temporary and permanent differences accounts, move them to Other Income and/or Other Expenses and see if you the reports works for you.
Andrew Katz
What year do I count income for?
15 January 2025 | 9 replies
I use apartments.com, so the money didn't end up in my account until 1/6/25.Is this considered income for 2024 or 2025?
Colton D Lawrence
Creative ways to Improve Debt-Income to Qualify for Loan Approval
14 January 2025 | 1 reply
I mean myself and any bank would need more details, but if you utilize that large sum as a downpayment and have a small mortgage, wouldn't you easily qualify for the debt to income?
Chris Shon
Do I need a Real Estate Tax Accountant?
10 January 2025 | 16 replies
@Chris ShonYes, a real estate accountant is worth what you pay them.
Guan Hong Guo
Income Criteria for Multiple Occupants
15 January 2025 | 10 replies
The income requirement was $6000.
Jimmy Rojas
How to show proof of income with 1099 form
6 January 2025 | 4 replies
Jimmy,You need to show (2) years of 1099 SE income in order to use FHA, or traditional financing to get approved for a mortgage.
Jordan Moore
Accountability Partners ?
16 January 2025 | 1 reply
I am looking for accountability partner to kick start 2025. so feel free to reach out!
Nicole Graziano
Tax's: negative income made on flips
3 January 2025 | 4 replies
@Nicole GrazianoI recommend that you have a consultation with a real estate tax accountant regarding your taxes.Bigger Pockets is a great place to find a real estate tax accountant.
Greg Strunak
Cash flow/ passive income
30 December 2024 | 6 replies
If you are sole member LLC you just take a distribution from your business account to your personal account.You are likely already reporting the income on a schedule E.