Devon Cornwall
[CANADA] Entities Questions
Hey everyone,I'm a Canadian investor that is looking to start a 3-tiered corporate structure to enable greater tax savings. The issue I've had is in entity creation and legal rights for funds.My aim is to create a RE ...
Eric Hildebrand
Property Management/LLC Banking Structure
Technical accounting question:
I hold nine SFR rentals - I have a Holding Co. LLC and an Operating Co. LLC. with an operating agreement between the two Technically, Hold Co. owns the properties, and Op Co. manages, a...
Dustin Barr
Bookkeeping on multiple propertys in quickbooks
I have 2 rental properties. When using quickbooks do you normally set up separate accounts for each rental property, or use one file and have accounts for each (Such as insurance, the sub-accounts for each property?Th...
Account Closed
Closing with no title insurance
Does anyone have a recommendation for a title company who would close without the buyer purchasing title insurance? I have an all-cash deal. All documents signed -no escrow, no option. Very simple transaction but t...
Frank Leon
Zelle payments to different bank accounts
I have a colleague with multiple properties. She has one bank account per property and has zelle connected to each account using a different email. The issue is that the bank allows a maximum of 5 email address and sh...
Kristen Bouvier Scoville
LLC vs S-Corp/ Too many Properties Rentals?? CPA - Tax Attorney
Could use some Tax Attorney or CPA advice! Here's what I have.. My husband and I live in a small Western New York College Town. We currently own over 20 properties primarily Student Rentals; 1- (6 unit 1bd), 1-(3 bldg...
Tyler Durbin
With Multiple LLCs - master bank account or individual accounts?
I have 3 rental properties all in individual LLCs. My intention is to continue to add to the number of total properties over time. Which LLC/bank account structure is best practice?A) All LLCs have their own bank acco...
John Skilling
Solo 401K: Fidelity Non-Prototype Retirement account
Hello all,I am a sole proprietor a S-Corp and recently setup a Solo 401(k) plan with one of the Solo 401(k) plan providers.I am in the process of deciding to open up a brokerage account with Fidelity.I understand I ne...
John Colaizzi
Pro account question
My wife and I have formed an LLC to begin investing and we've currently just found this awesome site. Thanks to all those who have made this such a great resource. I was looking over the Using BiggerPockets to Grow Yo...
John Sampson
Self filing taxes for small property management company
Hello, let me start by admitting I know I should have had an accountant do my taxes! I have a single member LLC for a property management company. The company collects all rents, so I have 1099 MISC from several agen...