Andy Mirza
Advancing Escrow for NPNs
This is similar to another post about advancing property taxes for NPNs with a few differences.We will make advances for escrow accounts for owner occupied loans, in which the borrower may file Ch 13 Bankruptcy. Keepi...
Eric Dubrule
setting a bank account as a sole proprietor with a PM company.
I've purchased an investment property with a partner. We are on the deed as tenants in common and will split income, expenses and tax benefits 50/50. When we tried to setup a bank account with the property management...
Robert Carl
Accountant Costs
I have a few properties that are rentals. I just paid an accountant to do some back years tax inome filing and this year. All the finacials were given to him on spread sheets. My question is about $1300 per year f...
Ashly B.
Tax question: Owner financed payments
I am hoping to do my own taxes this year but got a little stuck as I was finalizing my books. I purchased a SFH in Oct. 2021 with owner financing that is still under renovation. I understand that any renovation expens...
Muhammad Tariq
Real Estate Canada Accountant
Hi,
I recently started my real estate investing journey. I am currently house hacking a duplex in Grande Prairie, Alberta which I bought this past July.
Should I hire an accountant to do my taxes for this year or s...
Bryan Hancock
Managing Tax-Advantaged And Non-Tax-Advantaged Asset Allocation
It is pretty amazing to me how much money can be stuffed away in tax-advantaged accounts if you structure things properly and avoid controlled group issues. What is becoming increasingly clear to me is that the contr...
Robert M.
Accountant charged me to respond to IRS Inquiry?
I received a CP2000 notice from IRS and send to my accountant who prepared taxes. The inquiry was resolved with a simple letter to IRS explaining where income (rents) were accountant for in LLC return. The issue was...
Joshua Minatel
Best way to pay yourself
Being a sole member LLC, what is the best way to pay yourself and not be in legal or tax trouble? All of my properties I buy are under my LLC.
Steven Gralow
More Cost Effective Withdrawl: Vanguard Roth IRA vs individual
Which would be the more cost effective account in order to withdraw the most amount of money and be taxed the least for real estate withdrawals? Would it be a Roth IRA or individual brokerage account?
Richard Haug
Shifting into self directed Roth IRA
HelloI just thought of a possible way to shift funds out of my 403b retirement fund and wondering if it's valid.I work for a university and have a 403b. Recently reached the age of 59 1/2 so I can take funds out witho...