Jessica Jennings
First property accounting
Hello!We are just about to close on our first property, very excited! I have a basic accounting question. How to you guys handle property finances? This property is a duplex purchased with a conventional bank loan. We...
Matt Gooding
Would appreciate feedback on potential first deal
I would love feedback on things I need to consider or whether this is a good deal to get started in real estate investing in. Details:-4 different town home units, each unit is 2 bed 2 bath town home. - 90k / unit. 36...
Felicia Lulli
Does state location of Real Estate Tax accountant matter?
Hi! I am brand-new to this forum. I am very informally trying to give my mother advice. She has recently purchased an investment property in San Antonio, Texas, her birthplace, where she has not lived for 50 years. Sh...
Dan DiCairano
Self Directed Roth IRA
I am looking to rollover my traditional 401k & Roth 401k into a self directed Roth IRA. I was wondering what the best company to work with as a custodian would be. I also was curious how long the process takes fro...
Mariah Jeffery
Becoming RE Professional for Tax Purposes
All,My husband and I own 28 rent units in another state. I co-manager these with my father-in-law. He is local and does showings and maintenance, and sends apps to me for processing. I do the advertising, and have to ...
Daniel Hart
Do you use Quicken or Quickbooks?
As my business grows larger, so does my pile of paper. I've decided to start using software to manage my life. Quicken was recommended to me, but after installing it and trying it out I really don't like it. I'm ha...
Jon Jacobs
Tax returns for LLC holding real estate
I own a property through an LLC with 5 partners. I know I need to prepare form 1065 and K-1s, but I can't figure out how rental income/expenses fit into Form 1065? Is rental revenue my sales, where do operating expens...
Mack Bailey
Health insurance as an investor
Here's my hypothetical future situation: I work part time for 15 an hour sometimes 40 hours a week sometimes much less. Since I'm not full time my concern is I wont be able to get affordable healthcare. I plan on even...
Jimmy Wen
Is it necessary to set up separate bank accounts?
Hi all,After a year of studying and hesitation (I will admit that), I finally pulled the trigger and got a duplex under contract! This will be my very first investment property!Here is a quick question: do you create ...
Tanya Maslach
Using an IRA for downpayment funds?
This may not be a "creative RE Financing" topic - so please forgive me!I'm just starting out to build my portfolio -- (I have a SFH that is LT rental and have done that kind of thing for years...but moving on into mo...