Mike McGuire
LLC for each property?
My CPA suggested forming seperate LLCs for each rental property I purchase. He states that this limits my liability if there is an issue with one property. I have just one property currently, but I plan to purchase a...
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...
Simon Shih
Where do you think the market is headed?
I've been reading the Houston Business Journal and I'm reading articles that say we are headed for a real estate downfall, and some that say things are fine. Oil and gas are still down and we still have no idea when i...
Patrice Boenzi
1031 Exchange - Pros & Cons Please
Buying our first flip and was just told we need to have a 1031 exchange? Thoughts, please!
Samantha Kincaid
How to set up bank accounts
We are closing on our first duplex any day. Should I create a new checking and savings account strictly for rents/expenses? What are the advantages, as opposed to using our personal account which in this first year wi...
Ian F.
I want to get into investing in rentals for income, where should a newbie start?
My goal is to eventually own several single family homes for monthly cash flow and value building and automate as much as I can so I can spend more time doing what I enjoy.Much easier said than done, but I know that p...
James Derrick
Exit Decision Opinions
Hello, I am in the process of making a change this fall and have a couple of avenues to choose from. I would greatly appreciate some input as I am having a hard time deciding what is the smartest decision!I bought a t...
Ryan Martin
Qualified CPA Advice!
Hello All,
My name is Ryan and I've been running a STR on airbnb for about a year now. In Scottsdale and Arizona, you must file for a TPT license and file your state taxes monthly through the AZ Department of Revenue...
Alexander Timberlake
Solo 401K Questions for REI
Can someone explain the details of a solo 401k? Points I am curious about:-Can you have a Solo 401k and a corporate 401k if you are still employeed?-Is the Solo 401k the same thing as a self directed IRA? (except for ...
Lisa Henrich
Rental Leases - Personal and Corporate
I am in the process of buying a new home and will be turning my current home into a rental property. Is there any difference in lease terms if I rent to a small company as opposed to a private renter/family? Would I...