I have a bookkeeper using QuickBooks for me for our 7 single family homes. I find it difficult to understand and hard to track true cash flow numbers. Does anyone have any recommendations? Does your bookkeeper easil...
I have rental income from my primary residence which I use as a STR, since we live overseas. In talking with my current accountant, I am concerned I am missing key items in my tax filing strategy including:1-Rental in...
Hi all,I've read snippets in BP books and on these forums but would appreciate some more information. How is it possible to invest in real estate using money in tax deferred accounts? I have an i401k and all the money...
Hello,
What are all my flippers out there using as their entity for flips? S-Corp or an LLC?
Can you list the pro and cons of each for this specific application (flipping)?
I have heard S-Corp you can potentially ...
I had my attorney create a revocable living trust for me several years ago for estate planning purposes. I use this same trust to hold my real estate syndication investments (again, for purposes of estate planning an...
I'm trying to sort out how you go about building up your business, especially once real estate investing becomes your primary source of income. Ideally you are making money from whichever strategy you choose, but how...
I am new to bigger pockets and new to real estate investing. I have opened s Solo 401k and plan on buying my first property with it. With a solo 401k, no mortgages are allowed so it will be a cash purchase. I feel ...
I have an agent that brought a Foreign Investor to our management firm. I am not familiar with the tax rules on this. She withheld 30% of his income, he is stating since he has a US bank account that we should not wit...
There are 8 of us that are going to open an investment account in which we all agree to put in 10% of all our in monthly income into it. This account is and will only be use for investments only.So my questions is how...
Currious what the accountants say to do for what amounts to double income. My property manager is obligated to 1099 me for the rent he collected and passed through. How do I account for this double income since in S...