Hi there, While finalizing my 2018 taxes, I found an error on my 2017 Schedule E, Depreciation calcs.In 2016, my accountant used the straight line depreciation method for "Appliances".  The following year, I used the ...

My first post, so please bear with me. I have a rental property in Texas. I set up a LLC last year but yet to deed the property to the LLC. I've set up a bank account for the LLC and started using the LLC bank account...

Hello! I'm going nuts here trying to figure out how to properly set up a statement that shows my cash flow. In particular, we have a reserve (escrow) account that we put money into each month the year before to cover ...

Hi BP family.
Quick question:
Lets say, I paid $100K cash for a property purchased under a LLC. Few months later I refi'ed the property at a slightly higher amount and the bank paid the llc back $120K.
If I use the...

I am a retirement account maximalist. I want to make sure I'm not missing something.I can withdraw penalty free from prior Roth contributions and 5+ year old conversions, an inherited tradtional IRA, an HSA with prior...

I don't have an IRA yet.My question is: What's the point of having a Self-Directed Roth IRA and invest in RE? Isn't an unnecessary middleman having the IRA in this case? Maybe I'm overthinking this.

Hello BP Community,I'm a new investor who has just formed an LLC (sole member).  I haven't been able to set up a bank account for the LLC yet, and my question is this: if I purchase and assign a property under the LLC...

Hi,
I own a rental property in Illinois and am living out-of-state in California.I am looking for a CPA partner to help me file my personal tax as well as guiding me through my first year reporting my rental property...

Hello,I no longer have HSA compatible health insurance plan but have an HSA account from past, which has decent amount of money in it. The current custodian of my HSA account doesn't allow investment in fact it charge...