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 ...
Duke Giordano
Fairly Straigforward Wyoming LLC Recc
Hey Guys,A friend is looking to form a Wyoming LLC for RE syndication investments as an LP (already decided so not really looking for reasons why and why not) and looking for recommendation on firms or websites for th...
Brian Jasinski
Investing with a SDIRA?
Hello BP Community - relatively new to the forum, and had an SDIRA question - did I post this in the right place?Trying to make sure I understand what owning a piece of real estate in an SDIRA looks like.....Can anyon...
Account Closed
Typical rent increase per year
How much do you typically increase rent per year? Is it different in a hot market vs. a slow market? Please share what market you invest in.