Vincent Porter
AirBNB Vacation Rental Analysis Help
First-time poster, long time reader. I have recently discovered BiggerPockets in my venture into real estate. What a goldmine of information and ideas. I feel like a kid in a candy store jumping from topic to topic as...
Mohamed Nagoor
Year End Accounting Question for Flipping Business
Hello BP Team,I'm in the process of selling my 1st flip via my LLC. I do maintain records and receipts of all of my investment activity for this flip via excel. Trying to understand the Accounting/Book Keeping work ne...
Maroof Mohammed Farooq
Hire CPA when starting out ?
Hi community,
I just started out in my real estate journey and current own one rental. I plan to add more rentals in the next few years and will mainly focus on buy and hold. I am currently debating if I need to wor...
Jake S.
Separate bank account for each property?
Should I set up a separate checking account (savings too?) per property I acquire? I was planning to hold a few properties per LLC, in 1 bank accountAnd then when I get a few more properties with a new LLC, put them i...
Jim Rowe
Business Structure
Hello BP members. I am interested in real estate investing and hope to get some advice regarding the optimal business structure. By optimal, I’d like this structure to provide asset protection and tax savings.I pres...
Jason Waldo
Why W-2 Employees have the greatest chance at wealth building
For the last 10 years I have owned and operated a small distribution company. It wasn't huge and only did about $375k/year in revenue on average for the 10 year period. I guess thats not to bad for only being a single...
Awet Hagos
My 10% Rule: Quick Cashflow Analysis
I came up with a new way to quickly evaluate if a deal will cashflow.I call it the 10% Rule: if annual gross revenue is at least 10% of the financed amount (after putting 25% down) then it’ll most likely cashflow.For ...
Roman Rida
Can operate LLC for a Airbnb business without the LLC owning deed
Hi Bigger Pockets!I have a Airbnb property with a residential "investment property" loan with Pennymac. I understand that Pennymac doesnt allow you to switch the deed to the LLC and I am wondering if I can operate my ...
Karen Polis
Is Transfer Tax separate from Bidding price?
Pretty sure it is - but want to be positive. Ex) If I bring $10,000 to an auction and my (winning) bid is $10,000, does that mean I need to come up with the additional transfer tax monies or does that get factored in ...
Valerie Treese
Individual state vs. single federal K-1
Can anyone share proof that a federal K-1 can sometimes result in lost tax benefits? I was recently told that unless an investor is in the top income bracket(s), they will not fully realize the tax benefits of a K-1 w...