Hey all,I've listed my first BRRRR property for rent. It has been renovated REALLY well and I got a LOT of inquiries the first week. Now it has dwindled down. People don't reply back once I say that one of the require...

In the past I've held properties in my name and received rents in my name at a generic mailbox and never had a problem.  Also, I have umbrella policy that covers additional liability exposure for my properties.  Now I...

Hi all, I need some advice as i am getting conflicting info from my CPA/agent/cost-seg companyI have 2 w2 jobs and 4 1099 jobs (all in same line of work). I will work close to 800-900hrs in 2021 in all that work combi...

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 ran a credit report on a applicant, and it flagged the applicant for having too many recently opened accounts in proportion to total number of accounts. And, it also flagged that the length of time of bankcard accou...

Hi Everyone,Does anyone have any banks/credit unions/lending institutions that will provide a high LTV (& more than $400k limit) on a SFR (primary residence) in first lien position with good rates in CA?  I curren...

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...

What kind of checking account do I need for a rental property? Will it need to be a business checking account even if I don’t use a llc for the property or would I need a DBA? 

I received my 1099 misc from my property management company and they did a few things that don't seem right. First under Other Income (box 3) they listed Security deposit (refundable), pet deposit (non-refundable) and...

Lets assume a Scenario: A new investor who invests $150K on a first rental property. No other retal or home mortgages.
IRS: US govt already allows a "Standard Deduction" of S24,400 (Married joint filing). The other o...