Anthony Murphy
Business accounting
Hi everyone. I will be forming an LLC for note buying as well as tax liens and some private lending. Anyone involved with these things that have formed a company have any advice on accounting practices? I don't kno...
Zander Kempf
Most Effective Deal Sourcing Strategies?
There are a wide variety of ways of finding distressed sellers. I have tried a bit of DMM, yard signs, social media etc. I used to search the MLS for deals but the competition just bids the prices up far too high nowa...
Glenn English
Flipped a house, now what do I do with all my receipts??
I am about to close on my first flip. Yay! I am a newbie at this, and have recorded all of my expenses in a spreadsheet and I have receipts, bills, invoices, etc in a pile and now I'm wondering what the heck to do ...
Kevin Yang
How should you categorize your business expenses?
Hey guys,Me and my partner have been setting up our property to start doing business in short/mid term rentals! We have a lot of business expenses such as labor from contractors, appliances, furniture, tools, etc. We ...
David Rutledge
Putting properties in separate acconts
I just recently finalized the purchase of my first two investment properties. Both these properties are long term buy and holds. I just wanted to get a sense from experienced investors out there on how you guys go abo...
Natalie Campbell
Has the "veil been pierced"?
We just finished a renovation project that we started in our name and put into an LLC half way through. We were just issued our Certificate of Occupancy and it has our names on it because that's what was on the permi...
Chris Stromdahl
Vetting and selecting a property mgmt firm?
Hello,We own 2 SFH that are full time rentals, we self-manage at this time. We also have a personal residence. Our 5 year goal is to have everything paid off, move out of the area and turn our personal residence into ...
Demetre Dyse
Submitting and Receiving financials
Hello All,I was wondering how long does it typically take to receive financials on a Multifamily property and what does the seller or broker look for on the documents before sending their financials?
Pete Harper
Do I Qualify as a Real-estate Professional?
I'm investigating if I qualify as a RE Professional for the IRS. I'm retired with no W2 income. Primary income is from real estate, investments, pensions and IRA. We currently own 38 units held in LLCs and privatel...
Angela W.
Series Limited Liability Company (LLC)
Here's an article I wrote: Series Limited Liability Company (LLC)
Angela Walter, Texas Attorney - If free to message me if you have any legal questions!What is a series LLC?
Historically, members had to file, manage...