Barshay Graves
Creating LLC with & Members
Is an LLC the correct entity structure for a new partnership with as many as 7 members?
Becca F.
When are 1099 Forms needed for 2023 and 2024 taxes?
Three questions:#1: I have a small time property manager. Is he required to issue me a 1099 form for rental income for 2023 taxes? If yes, what kind of 1099 Form. My larger PM companies issue me 1099 forms with gross ...
Sean Thompson
Llc flow through question
Hello . I'm just getting started. Currently have one property. I'm wondering how to best maximize taxes while staying legal. --
I know that businesses don't get taxed on their expenses, only the profits. From that sta...
Stephen Michle
Setting up your real estate business
I came across a great article about an accountant who is also a real estate investor. He gives great advice on setting up your real estate investing business. I will have to read it over to really but some pieces t...
Account Closed
Form an LLC in Nevada and operate out of Illinois?
Hello BP,
I'm planning to build 10+ spec homes in state of Illinois over next a couple of years. The plan is to build and rent and perhaps sell off a few as we go along. I have a partner who lives locally and...
Kenneth LeBeau
Business Finance Question - Commingle
I'm a newer business owner with a recently set up LLC and I was wondering if I should be more careful about how I pay for things for the business. Sometimes I pay for things directly from one of my personal accounts e...
Mike Matern
Business Name
I'm just getting started investing and have been advertising my self under a business name but do not have it registered/ trademarked/ etc. If I am only wholesaling at this point do I need to have my business name...
Casey Faul
Direct Mail Best Practice
I have obtained a list of properties that are currently violating codes in my city and my strategy is to use direct mail to find potential wholesale deals. What are some best practices for targeting this group of lead...
Pixie Hall
Finding the Lienholder?
Hello -
Foreclosed & abandoned home in my Knoxville neighborhood, been vacant 5+ years now and is deteriorating quickly. Tree fell on the roof several years ago, county removed the tree, but the roof has...
Scott K.
LLC Misconceptions and Education
So bear with me - I'm no expert and am simply trying to help instruct others but also educate myself if I'm incorrect on what I know. I've been reading up today on a bunch of forums including this one and see WILDLY v...