Caitlin Dykema
As a realtor can I pay my personal mortgage from my llc?
As a newer realtor I'm thinking about starting an llc or s-corp so I don't get burned as badly on self employment taxes. I am also getting ready to move and rent out my current house and purchase a new one. I'm trying...
Aaron Reibe
Rental software that allows in person bank deposits
Hello fellow members,I am looking for rental software that allows online payment AND in-person bank deposits. Is this even available?I have 12 doors and have tenants that want to pay in person. Some are older, some ...
Kyle Hilliard
CPA Recommendation for Rental Property Buy and Hold
Hey everyone,
I am going to buy my first rental property in the next few months and am looking for a CPA to advise me on REI tax issues. I want to be proactive about tax planning, so I'd like to meet with this perso...
Nick Zasowski
How to transition a property from Sole Proprietor to LLC?
Hi All, I read a bunch of different forum posts on the different approaches, but was curious if anyone had the tactical (step by step) process for this question. 1. What is the step-by-step process to transition an ex...
Ilir Shkurti
Partnering in Flipping homes - how to exclud partner’s profit split from my taxes
Hi, apologies in advance if this question has been asked before. First some background. I am considering partnering with a friend, who happens to be a skilled builder/rehabber, on flipping homes together. We are consi...
Dennis Haldeman
PML - Second Mortgage
I am a PML operating exclusively in the state of Pa. I am considering doing my first second mortgage of a substantial $ amount. (I have done small seconds in the past as an unsecured personal/promissory note.) I be...
Luke Turner
New investor. How do you keep track of all expenses?
I'm new to investing. I'm about to close on a house that I plan on living in while renting out the other rooms. First I was wondering what's the difference between a house expense and a personal expense. Second, what'...
Chiane Martin
SBA loan or personal loan? Thoughts..?
Hey all,I have a little dilemma. Ive been using all of my own money to buy homes, pay for supplies, repairs/contractors, etc.. I don't want to use my own money anymore because it is now dwindling. My business has not ...
Faiz Kanash
Any advice about how to get a business OR personal line of credit?
Hey guys! Im looking for advice here.I've been looking into trying to open up an unsecured line of credit, mostly through my business. The issue is i've been mostly getting denied simply because of the fact that my bu...
Phil Bryson
Wholesale Deal in STV
Investment Info:
Single-family residence wholesale investment in San Tan Valley.
Purchase price: $275,000
Sale price: $280,000
This was actually my next door neighbor. They had an HOA lien and a jud...