Jonathan Cevallos
First time property owner filing taxes
I’m prepping all my documents to file taxes. I purchased my first 4plex in 2020 and have been collecting rent. Any suggestions, tips, questions I should I ask my accountant when filing? This is my first year filing no...
Hector Maldonado
Expenses And taxes
Ok, so I've been using the rental property calculator lately and reivaluating all my properties. I've also been using it to evaluate properties that Im thinking about purchasing. Because of this tool I've shied away ...
Drew Dim
Spec Build - should LLC file under S-corp?
so I've filtered through the archives and didnt see an exact fit to my question so here goes.I have a lot that will have potentially 3 spec homes build on them. The 1st is under way and will be completed Jan/Feb of 20...
Chris Pasternak
Agent-Investors Staying Organized
Hey all,I've been pondering the best way to keep organized as an investor and agent. I have a small portfolio myself and have recently picked up speed with clients. I'm looking for the best ways you guys have found ...
Caleb Rehg
What To Do For Taxes
I am new to real estate investing and was wondering how involved I should be with an accountant to help with specifically taxes, I have a partnership LLC and wasn't sure how to file taxes. Thanks for any feedback.
Chris M.
Changing from LLC to S Corp - How does it affect taxable year?
Hey guys, so we are changing our LLC to an S Corporation for our business entity type this year. We were likely going to do this in February of this year, 2018. My questions:1. Does changing from an LLC to S Corp affe...
Angela Venger
What can I write off for my STRs?
We recently bought a house and are operating it as a short term rental. We installed a hot tub, the hot tub itself cost $12,600, along with concrete, electrical and yard work that is another $5k - $6k. We also install...
Ben C.
S Corp Limitations?
The main benefit everyone's raves about, in regards to using an S Corp to flip properties, is being able to funnel some of the profits as "distributions" and limit self employment taxes.
However, in my situation my ...
Courtney Spiers
Advice for setting up an LLC in Georgia
Can anyone help guide me in the right direction to set up an LLC in Georgia. Any advice would be greatly appreciated! Thank you,Courtney Spiers
Matthijs Pol
Do I need a CPA?
This is my first time filing taxes and having investment properties both purchased late last year. Normally my wife does our taxes through Turbo Tax and that’s what we are planning on doing this time as well. But what...