Does stashing away for vacancy really mean anything? The idea behind stashing for maintenance and Cap-Ex make sense, but for vacancy, say you start out with a new rental, and you put away 3-5% for vacancy per month. L...
Hello. I'm wondering if someone can point me in the direction of a podcast or blog post about using an LLC to run your rental properties. We have two long term rentals and an ADU in our back yard. We created and LL...
Hi All,I'm looking to separate my rental income and expenses into a separate bank account and credit card. This is to make it easier for me to track everything for tax purposes. Does anyone have recommendations on bes...
I hate to be a downer, but with a significant overhaul of the tax code recently we are seeing first hand some RE investors (and individuals) get hit with huge tax bills and sometimes penalties. There are tremendous b...
I wanted to look at this topic a little differently then previous posters. It seems that everyone pushes the 401k save for your "old" self when you hit 62 mindset. This is assuming you want to "work" until you are ...
I am very interested in wholesaling or assigning contracts to kick off the start of my investing career. I have found a lot of information on the process but have yet to find anything on taxes. Can anyone help me out??
Just starting to get my feet with in flipping. Prior to getting under contract, is a LLC or S-Corp a better business plan for flipping? Would it be same for rental properties?
My wife and I "fell" into renting out our prior residence after we bought/moved to another home and a neighbor asked if we were interested in renting out or old one. We've since had the same “great” tenant for over 3...
I recently bought a two family house under a single member LLC, mainly to protect personal assets in the event something happens. I live in one unit while the other unit I plan to either airbnb or find a long term ten...
Is there a way to easily use Quickbooks to track expenses for a specific rehab project (flip) against an initial budget?Let's say at the beginning of a new rehab project I have estimated amounts for the labor costs, m...