Patrick Flanagan
How to make your tax accountants job easy!(ier)
What are the top things I need to be doing to make my tax accounts job easier? What systems do you utilize in your small or large real estate business to track and log all your real estate transactions. 1 to make your...
Maryann L.
Where are the transactional funders?
So, what are you doing with your other investors who are putting offers on properties to have the servicer come back and say they need a bank statement?? POF in third party names are no longer acceptable with BOA or ...
Matthew Heiser
Security Deposit Account State
Are there any issues with holding a security deposit in an account of a financial institution that is headquartered in another state? We use online deposit capture with a large bank that does not have a brick and mor...
Isaac S.
Bank Account - Series LLC
Hi all, I have a series LLC setup for my properties, however my current bank (Chase) does not allow me to open an account due to this setup. Does anyone know of a bank that works with a series LLC?
Account Closed
Broker requesting 401k statement for a mortgage loan.
I applied for a mortgage loan through a local broker that was referred by my realtor and was instantly Pre-approved because I have pretty good credit. I now have to provide the routine documents (W-2s, pay stubs, ta...
Ann M.
Self directed Retirement Plan Questions
I currently have a SDIRA with a check book LLC. I have a couple of houses and mutual funds. I have just learned that I may or may not have overstepped my arms length vs personal involvement by occasionally providing...
Tammy Helble
Quesiton about security deposits
I had a quick question regarding security deposits. I live in CA but my properties are in TX and I heard that you can't co-migle your tenants deposits. With that expressed can I simply have a separate acount within my...
Joy Allen
Bookkeepers and accountants
Hello,I need a real estate bookkeeping accountant team that I can actually just call if I have a question about what they are doing with my books without being pushed off onto a calendy and told My business doesn't i...
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...
Ed Grogan
SDIRA Friendly banks
I am looking for SDIRA Friendly banks for deposit accounts that will also provide non-recourse loans.