Brent Pearman
Tax Classification and New LLC in Downstate Illinois
Good Morning,I am currently setting up an LLC as the designated manager (COO). The other members and I have a significant amount of personal assets we want to protect, hence the LLC. The main focus of the business i...
Account Closed
Real Estate Professional or Not?
Hello,My wife and I finished building our first rental this year and it is in service:) I am talking with a new cpa about the upcoming tax season and when I brought up the idea of claiming my wife as a real estate pr...
John Dehn
REPs designation - do I qualify?
I am a 1099 employee for a boutique commercial real estate investment shop. I do business development, underwriting, and asset management for the company on a full-time basis and have upside opportunity if I source a ...
Linda Weygant
Colorado Question - Broker vs Agent
Hi All,I'm getting tripped up on a vocabulary item and am hoping some folks from Colorado can chime in. I have a friend who asked me to manage his rental, but I cannot because of this:Everything I read says that you ...
Casey Lance
Filing taxes with an LLC?
I was not sure where to place this post, so feel free to move it if necessary. My apologies in advance.
I have an RV park that has been running for 3 years and I have been filing taxes under my name, and just runnin...
Charlie Moore
What Qualifications are SET for people when applying for tenancy?
What are some GOOD pre qualifications to use? especially in the URBAN community? - Whats your application process?
Bryan O.
Tax Deferral and How to contribute to solo 401k
As tax season is approaching, I'm trying to find more ways to reduce my taxable income to get down to the more favored brackets.If I have passive income (rent) coming into an LLC, can I pay myself a management fee to ...
Account Closed
Eligibility/ Clarification 199A and Self Directed 401k
Me and my partner set up an LLC in CA (taxed as a partnership) in 2019. We are the only individuals in the company and performed over 1000hrs each this year and will continually maintain those hours developing our lar...
Matthew King
Advice for acceptance and holding fee- newbie question
I'm brand new to REI and being a landlord. This is my first time posting although I've been watching and listening to the podcasts for several months. I've been talking to friends in the business and reading a lot (...
Alberto Nikodimov
Tenant Screening Now more important than ever!
Tenant Screening - Now more important than ever! This has always been the a crucial part of the rental process, but now landlords and Property Managers should be even more meticulous because the CDC Moratorium has bee...