I started creating a excel sheet to start tracking accounts for a duplex I purchased. Any thoughts on below approach. Also I am trying to keep it simple (not trying to deal with taxation, depreciation etc.)1. Ledger -...

So, I've got a seller who has had an ongoing divorce for ~5 years. He has 2 properties that he used to rent out a couple years ago, but quit as the additional income would relinquish his benefits for his children. The...

Hello BP Folks,

I am new to the forum and need some advice at this juncture. I am computer engineer by profession and started the real estate investment around 2 years back and purchased 8 rental properties m...

I have watched a youtube video that the CPA talked about forming a S corp and dump real estate agent commission into the S corp and pay less tax etc etc. my Question is, for most real estate agents, they are not the o...

I'm starting out wholesaling houses, but one of my concerns is how to protect your earned money. Definitely I understand that everyone needs to pay taxes, but which would be a way to protect the money as much as you c...

I know this topic has been covered in the forums a few times over, but I can't find the posts on it and I'm really concerned about this, so I'm going to start a new thread.I've done all the calculations for setting as...

Yo, BPers,I started an S Corp here in Virginia about six months ago.  I am the sole employee but am having trouble figuring out my tax obligations.  I am actually a Tennessee resident, spend most of my time overseas, ...

So My first property ever should be closing in the beginning of October... Yay!!But I'm not sure what to do here. I want to set up an online rent collection account. Maybe with Cozy. I went to my bank and asked them t...

I have appx $250k worth of active income this far (commercial real estate broker), and I have another $300k in income coming (though I am rolling my fee as equity into the deal so it will not be reported as income on ...

I built a sizable real estate portfolio cash flowing about 5100 a month. I want to know if anyone in here ever cashed in their IRA/401k's--- took the penalty and invested in real estate cash flow?