Ashwini Venkatesan
Create LLC or not for out of state investment
Hi. We live in CA and want to buy a property out of state. Potential seller (experienced real estate investor) recommended we create an LLC and buy the property. I am not sure I understand all the tax / fees associat...
Brent Logsdon
Bookkeeping software mgt
Hello, I'm looking for bookkeeping software that works with my real estate business and can work with my personal rental properties. Any recommendations?
Nicole A.
Amended 2012 taxes taking forever
This past summer, I had my taxes amended. This was my first year filing for the LLC and I tried it myself first and royally messed it up. So I hired a CPA to do the amendment of the LLC and personal taxes.
As...
Tony G
sub chapter s corp
my partner and i have been talking to a cpa and he told us to start up an s-corp to avoid self employment tax which is at about 15% in minnesota. according to him we would 1) incorporate our business 2) file with secr...
Charles Whitaker
Quickbooks Help
If a few of you don't mind sharing, How do you (or your CPA) prefer to setup Quickbooks for rehabs.
Do you use class tracking?
Use a new company for each account?
How do you setup your chart of accounts?
Etc, etc.
...
Vincent Bess
what is the best way to form an investment group with friends
I had a question regarding multiple investor.me and three other friends are looking to purchase and rent out a few investment properties in the coming months. I would everyone to give me there opinion on these questio...
Dimitri Paspalaris
H&R Block for investment properties
I am currently PCSing with the navy and was wondering if it is good for H&R block to do my taxes for my investment properites in florida or should I try to track down a cpa? Thanks for the help.
Jamil Barton
Do I need a CPA yet?
Next week, I am closing on my first property. I will be house hacking, living in one unit and renting out the other two. The structure will need some initial work, between some repairs and some improvements, which wil...
Jenine Kenna
LLC and bank accounts
Hello! I'm a real estate agent and an attorney (not practicing). My brother-in-law is a licensed contractor. We are ready to start investing and need some advice on starting an LLC and bank accounts. I know some in...
Patty Harris
LLC
I am a newbie to BP and just in time! I have declared 2015 as the year I begin investing in RE. I have wanted to break into the field for over 10 years but felt completely unequipped. I didn't know how or where to sta...