I'm looking to get advice on how others are setting up their bank accounts. I currently have 3 rental properties. Last year I adopted the Profit First System (Mike Michalowicz) and use the following accounts to manage...

Hello All,I am just starting as a realtor and plan to form an LLC / S - Corp to maximize tax benefits.I also plan to purchase my first investment property this year. Should I plan to create a separate business entity ...

The 2 houses are being sold together on the same lot for 1 price and they are calling it a 5b/3b (which isn’t quite accurate since that makes up both houses-it’s really a 3/2 and a 2/1).  I can’t figure out how to cal...

I am familiar with the series LLC, having used it before for rental property, but what about for quick flips in which the hold time may be only 30 days or less & you're doing volume? Yes, you pay a one-time forma...

Hi friends, I have one property under LLC and other two in my personal name in Montclair NJ. To make accounting easy should I start using my LLC to manage other two properties also and have one back account for all th...

Hello, I’m hoping to buy my first property next year, and am wondering if I should create an LLC to do so. The reason is I want to separate my personal debt to income ratio from my real estate investing “business” and...

I just closed on a flip today and spoke to the attorney about setting up an LLC. Ive done several flips now and have rentals so i think its time. They suggested i do two LLC'S so that i have one for my rentals, and on...

Hello All, Quick question to see what others are doing for optimizing tax advantages for STR. Background:We got a second/vacation home during the pandemic and now its ready to go online as an STR in the Russian River ...

As I move into 2021, I plan to put my properties in LLCs - they are currently in my personal name. Yes, I know to get in touch with a local attorney based in real estate law - I plan to do so to help set up the LLCs b...

Hii 

How would you guys go about a 5 bedroom house, 
 If I seperate the top floor which has 3 bedrooms and 1 bath and use that as 1 unit block. If that makes sense. And the groundfloor which has 2 bedrooms and 1 b...