Anya Kotova
Opening bank account for child LLC
Hi everyone, I have opened a second LLC (child LLC) in Florida, owned by anonymous parent LLC in Wyoming (which is owned by me). I got stuck with opening a bank account for child Florida LLC. Got only one EIN that bel...
Jean-Thierry Aleman
Tax Question: Better to pay tenant or give rent credit?
My tenant made a minor repair I approved of which was needed. Is it better from a tax perspective to pay him or give rent credit for work done? He has done the job already and did it well. I'm trying to decide if I ...
Haven M.
Advice Needed on an Opportunity
My wife and I currently live in a duplex owned by my wife's grandmother. She is in her 80s with a small fixed income and a dwindling nest egg. There is decent equity in the house: $125k or so on the mortgage and curre...
Emily Wilson
Keeping of financial records
I am conducting some research for collecting data in order to better serve my real estate bookkeeping clients. If you can spare a few seconds, I'd love to hear your method for maintaining your financial records for yo...
Shelby Bettencourt
Help turn this into a deal. Seller financing and LOI?
Good morning BP. Firstly let me say that I'm using my girlfriend's account, for some reason my Pro account (@Joshua Pavao) won't let me make a new post! I will post directly under this with my account, so PLEASE tag t...
Tim G.
Calculating profit after flip sells
So this seems like a very noob question but I am having a serious brain fart here. Almost embarrassed to ask this!I just sold my second flip and i'm trying to calculate the exact profit amount. I've crunched the num...
William M.
Credit Tenant Lease(CTL) Loans for Absolute NNN Properties
I would like to know if anyone has any experience with utilizing CTL Loans to purchase Absolute NNN properties or knows of their structuring? My goal is to purchase Absolute NNN properties to create passive income for...
Dmitriy Fomichenko
Self-Directed Solo 401k for Real Estate Investors – Q&A
Over the years I’ve seen many questions here on BiggerPockets forum related to various aspects of using self-directed Solo 401k real estate investing. But the challenge is that those questions are spread out across pr...
Josh Sparks
How to reduce income tax
what are some legal ways to reduce my rental imcome? Can my partner/girlfriend claim the income and expenses? Does her name need to be in the mortgage or deed?
Christopher Carbonel
FHA house, Room Rental Income
Do I need to declare my rental income when I file for tax? What are my options?
My other question is, we are planning on saving all our rental income to acquire another property. When the time comes that we are fi...