Curt Smith
My PM send a 1099 for rent, yet I claim this on Sched E
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...
Jessica Bridges
Need tax advise regarding Foreign Investors
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...
Long Vang
Need input on money pool
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...
JJ J.
Bookkeeping & Accounting Software
Does anyone have a recommendation for good accounting software for bookkeeping, etc. for rental properties? Preferably something that can download transactions from bank accounts.
Thanks!
Account Closed
Tax credit/deduction on investment property
Hello all,Just bought an investment property. Before you know it, tax season will be fast approaching. I just want to know how do you savvy investors keep track of your expenses? Any tips? Thanks...
Marlon Ribunal
How Did You Get Started With Real Estate Investing?
I am currently trying to learn the basics of real estate investing. For a start, I'm about to read Brandon Turner's "How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started". Up next in my readi...
James Mays
What is a "Book Keeper"?
I currently have a 1 LTR condo in Orange County, CA with the goal to expand 3-4 in 2024. As I start to expand I do not want to get caught in a paperwork pile. In terms of a Book Keeper what do they actually do to prov...
Greyden Piechnick
My mom isn’t able to claim Real Estate tax benefits?
Hello! My mom owns 5 rental properties. She is telling, me since her and my stepdad make over $150,000, she cannot utilize tax write offs until they sell the property. She is claiming that the write offs will be used...
Max Mavec
Getting a mortgage when living and earning outside the US
Hello everyone,I am a US citizen who lives and earns my income outside of the United States. I am working on starting my real estate investment path but I have run into a snag related to lending and mortgages. I have ...
Josh Carter
Best Self Directed IRA?
Any recommendations? Currently talking to a company called Equity Trust whose fee is a little above 1%, does anyone know of a self directed ROTH IRA that can do better?