Hello,My brother and I bought a duplex in November 2021 and we are equal partners. We applied for LLC on 2/3/23. When I had an appointment with tax accountant, he wants me to apply for EIN dating 1/1/22 so we can file...

In what category should I expense a new computer that I bought this year? In looking at the list of expense categories, the closest one I find is supplies, but I know a computer is not considered a supply. I'm not a r...

Hello team,I wanted to see if anyone had a great recommendation for a tax accountant that focuses on real estate and broader tax planning? My questions are a bit specific as they are related to the following topics:- ...

So after reading and doing research and attending seminars, I'm still in question regarding how I should list my future company. Do I start an LLC per property so my entire portfolio doesn't come under fire if somethi...

I put an offer in on a SFR REO for $15k. Within a few hours, the bank countered at $35k. I upped my price to $20k right away...3 days later they came back at $30k, final offer.

My understanding of the delay is that...

Hello,Does anyone know how much is the rental income tax in Dakota County, MN. I know it may vary by city, I just need a ball park percentage. I asked the city but they were of no help.Thank you.

Hey everyone! I have a tax question to run by you before speaking to an accountant and paying a fee for that! 
We took over management for an owner of a 4-plex this year from a company that was shutting down the prop...

Hello, I’m looking to begin building an amazing team to help me reach my goals towards real estate investing. Does anyone have great experience with a knowledgeable CPA in the Omaha area?

Hi All! My wife and I are buying a primary residence in NY state (single-family in Dutchess County) and want to rent it as a short-term rental (Aribnb/ vrbo/ etc.) while traveling (more than 90 days/year). Would you a...

I have a number of rentals held in an LLC, and an S-Corp for flipping and general expenses. A friend told me to set up "jobs" for each house. I am going to hire someone to set it up, but I wanted to get a consensus ...