Looking for accountant recommendations. I have a high W2 income and my wife will be a real estate professional this year. Looking for an accountant who has intimate knowledge of:1.how to best offset my W2 income2.ho...
Pardon my ignorance, but in reviewing some income statements for investments I'm trying to make sense of some napkin math concerning Net Income and Distributions. For distributions to occur for a multifamily property,...
Across the forum, we talk about ensuring that you maintain your reserves... but how do you actually manage them on you own the properties? This question is for the properties you plan on holding. If you are flipping, ...
Hi BP,I'm new but have been following along for awhile now. We currently have a few rental units and have long range goals to continue expanding. On a couple of the podcasts, I have heard guests saying that they strat...
I am a real estate broker. I want to buy an apartment complex with an old 401k by converting it to a self directed and leveraging debt. I understand I cannot draw on the fund and the gains have to be reinvested. ...
Hello!My husband and I plan to start managing a rental property. We are currently under contract on a new primary home. We are keeping our current home as a single family rental. This made the most sense for us with a...
Hi guys! Wondering what software/systems you guys use to track income and overall financial health on your portfolios. All of our different properties are in LLC's with the income & expenses attached to a bank acc...
Does anyone have a good rule of thumb for evaluating tenant income when the primary rent payment source will be through liquid investments in retirement accounts?
If you have high earned income and can funnel some of the extra money into your passive real estate business to make repairs etc that supplements the passive cash flow, can you still write these expense of as business...
I recently bought a property am living in it and after a year plan on classifying it as a rental. During that transition phase once i get rental income what should i begin to account for or change or tell my CPA to ma...