Robert Borer
SD-IRA Tax Handling for Investing in Single-Member LLC
Greeting BP RE tax gurus:I've received a notice from my SD-IRA custodian to report the fair market value of my "investment". I invested in a Single-Member LLC, of which I am the "Single-Member". The single-member LL...
Jordan Woolf
Too early for 1031 exchange?
I have owned one of my properties for almost 2 years. It has been rented for about 6 months. The tenants are asking to purchase the property.I would like to do a 1031 but I am not sure if this property would qualify. ...
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Getting Tenants
Hello Everyone,
I am new to the forum, but I am curious to find out on how I would go about getting tenants? How would I find tenants that are fair and reasonable? What type of questions should I ask? Should there...
Paige Rob
1099 from property manager question
Of the several property mangers I have there are 2 that do 1099's differently.
One manages 2 properties and does not issue a 1099. Annually I ask and annually they tell me that their owners just use the income from t...
Benjamin Lemieux
Question for attorney about legality of financing
Goodmorning Biggerpockets,*Note* I intend on consulting my actual attorney this week, but until I hear back my anxiety needs an answer.Basically I'm questioning if what I am doing is legal. It was the loan officers su...
John T.
QuickBooks - Using the “Cost of Goods Sold” account type
I am a landlord who manages my own rental property. I do not manage property for other owners. I set up my chart of accounts in QuickBooks to include, among others, two types of accounts: (1) Cost of Goods Sold acc...
Marcus Auerbach
My diary of setting up good bookkeeping - part 1
OK, I admit it, it's October and a little late in the year for making a new years resolution happen, but now then never. It's time for me to take my book keeping to the next level. When I was going through my tax prep...
Jessica Parker
"Share Your Credit"
Hey fellow BP'ers! So I just stumbled upon this website (shareyourcredit.com) and I'm wondering if anybody here has had any experience with it? I'm debating giving it a try, but I'm pretty leary still and would love...
Adam Philpot
How's my deal analysis? Didn't include Cap Ex - What do you do?
Afternoon BPers, I'd like some advice and opinions on my deal analysis template. The picture provided is for a multiunit I just did. I'm pretty green to investing but have done a lot of research so would love everyone...
Dinesh T.
Earnest Money Deposit
I am considering exchanging my property as I am already in contact to sell my condo. I understand that the proceeds of the sale should be handled thru exchange facilitators and that it should not touch my account. Doe...