Stephen Craul
SDIRA LLC in Colorado but rental property Arizona, Accountant?
Hi BP members; Formed an LLC registered in Colorado (state of residence) using self directed IRA (wife & I) in 2016. Finally purchased a residential single family home in Tucson, Arizona July 2019 using 50% mortga...
Ross Alcorn
LLC Structure & Bank Accounts
I own 3 properties all 3 being used for medium term rentals. What the best way to set up the properties to protect us from Liability. I see so much out there and it can be quite confusing at times.This is my plan but ...
David Begley
Accounting Software, Bookkeeping & Chart of Accounts
My CPA recommended last year that I purchase Quickbooks for my business, and if I sent his firm the chart of accounts for my business, his bookkeepers could log-in to my account, post transactions, balance accounts an...
Malinda Gibbons
Bank account setup seems too complicated
Hello. I have read some advice on this forum, but I'm still curious how you set up bank accounts in the most simplified way. Right now, based on some advice from the BP landlording book, we have a bank account for eac...
Jeff V.
Recommendation for Bookkeeping?
Hello Everyone, I hope everyone is having a Merry Christmas! I'll give a bit of back story before posing my question in order to get the best response to my situation. I have been doing all of our bookkeeping for our ...
Daniel Hoop
Running My Furnished House Hack as a Business
Greetings! Looking for some feedback on my situation: I am getting ready to close on a 4-bedroom town home that I will live in (house hack) as my primary residence. I plan to furnish the common areas and 3 remaining ...
Anthony Freeman
Private Equity Deals
Can the operating agreement be drawn up before the LLC and bank account is created?
Jon Schoeller
Opened a Solo Roth 401k Account / Incredible Experience
I just finished signing up for my Solo 401k account with Sense Financial. The service was incredible. As a business owner myself, I wish more people would leave positive reviews just as quickly as they would leave a n...
Bienes Raices
Treatment of rental application fees (tax, LLC)
I'm taking applications for a property owned in an LLC. They are always in cash. Do I need to deposit this cash into the LLC bank account in order to do things the right way in terms of the LLC, or is okay to just kee...
Gene Hacker
Facebook issue -- Using a Virtual Assistant to list vacancies
I gave my assistant access to my Facebook account to post and respond to inquiries and Facebook said that we broke their rules and that I cannot post on the marketplace. The ad copy was pretty much the same as what I...