Matt Herbert
Small landlord (5 units) needs guidance choosing a new bank
I think it's time for me to choose a new bank. This brings a flurry of questions to my mind: which one? how to structure the accounts? commercial vs personal?
Here is my current situation. I have 5 single family rent...
Account Closed
Single Family vs Duplex/Triplex Sioux Falls
I already own a single-family house that I reside in. Now, I am planning in buying investment properties in Sioux Falls area - wondering if single-family is better than duplex or triplex property on its return and ren...
Hubert Ato-Bakari Chase
Maintenance on a Single Family
Greetings,I am going to rent my single family house. I've read that the tenant pays for the maintenance. What exactly is the maintenance?
Account Closed
Ask me questions on Real Estate Tax Strategy or Investing. Answering all Questions.
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
Steven Segal
Bookkeeping and Accounting Strategies and Solutions - QB QBO
I've had issues conquering the least fun part of running businesses - bookkeeping and accounting. I'm sure people have gone through this before, so hopefully I can learn from how you all have conquered this.1. Quickbo...
Joshua Bailey
Create an individual LLC per investment property?
Heard very mixed things about this topic. Thinking this is the way to go for easy accounting purposes. The idea I've seen and heard is that you create an individual LLC per investment property you own for a couple imp...
Bienes Raices
Making a loan to an LLC
What would be the rationale for making a loan with a promissary note from your personal name to your LLC instead of just making a capital contribution? Is there some tax advantage to doing that? It seems simpler to j...
Ramy Man
Software like Turbotax vs Tax accountant
I bought my first rental property last year and started renting for the first time. I am trying to figure out whether to use a tax software like Turbotax or go with a tax accountant to do tax filling this year. Tax ac...
Kelly Stanton
Flipping multiple homes w/different partners
We have fortunately had an opportunity to purchase multiple homes off market that we plan on flipping. We have multiple investors for each project. Our initial plan was to create an LLC for each project, open a chase ...
Ben C.
Two member LLC vs single member LLC?
was told that a two member LLC is more favorable for flipping activities for two reasons:
1) much less likely to be audited vs a single member llc
2) much more difficult to pierce the corporate veil compared to a s...