Jeff Piscioniere
Flipping in a self-directed IRA
Hello everyone!
Has anyone done or thought of attempting house flipping through the investment of a self-directed IRA? Specifically, I have been researching the concept of a self-directed IRA LLC with checkbook cont...
Krishnan T.
LLC and Bank account
I recently opened a LLC in Michigan for a investment property that I bought in Michigan. I wanted to open a small business bank account for the Michigan property rental checks to go into the account . I went to a few...
Zana Blue
I Saved $928 By Paying My Taxes Early
To me that is real money...if we pay property taxes early in November we save money ...then a little less in December ...January etc...till you are paying the full amount with no savings in March ...not sure why anyon...
Harold Gontz
S-Corp still valid for use?
I created an S-Corp in PA in 2007. I used it for a couple years. All I've been doing for 3-4 years is filing the zero activity state and federal tax return. Is this entity still a legal entity in PA or do I need to st...
Chelsea Allen
American Express Platinum business credit card
Hi everyone,I currently have an AmEx platinum for personal use for which the annual fee is $695. I was thinking of getting one for my property's LLC and then adding myself as an employee with a separate card, cancel ...
Troy DeLong
Renting Out Basement
Consider this a hypothetical situation. Say a family member (different last name) was to rent out a room in your basement for $500/month (Market value for similar would be around $700/month). Most people (homeowner) w...
Doolan Wesley
Real Estate Accounting Practices
Hey everyone,
So I'm just finishing "The Book On Tax Strategies for the Savvy Real Estate Investor." It's a good book on real estate tax strategies for investors to implement into their daily lives. Has anyone else r...
John Thedford
Where Can I Get An Investment Earning 7% Per Year? NOWHERE?
I'm 65 and looking to retire this year. Where can I find safe investments that will give me an annual return of 5% to 7% in retirement? --Gary, Pennsylvania The short answer is nowhere, assuming that by safe you mean ...
Adam Mathews
Average cost for REI CPA/Tax Accountant?
We have 27 properties all under their own LLC's (each LLC has between 2 and 4 members) plus a couple other misc. entities (totaling ~33) and recently our accountant of 40 years retired. We have been searching for some...
Nandy B.
Help me analyzer a small apartment Owner Financing Deal
A small apartment for sale in the most desirable area of town. Sales Price 750000.00. New apartments are being built in the area going for $250,000+ for 1b townhouses (bigger). The numbers do not make sense at all as ...