Alfred Bell
Is this a labor law violation in Calif?
I'm thinking about getting an owner/builder worker's comp insurance policy so that I can engage a few guys to do a condo remodel for me. I want them covered with workers comp to avoid any liability lawsuit if anyone g...
Jordan N Hansen
LLC - Best way to pay “the man”… and myself
Hello BP,I am currently in the process of transferring my first multi-family property into an LLC. As with any first in this world, it’s an intimidating process, and I have two questions before I dip my toes any furth...
Aiyman Khan
How to practically make a distribution in an S corp
I am trying to figure out that how will the actual draw for a distribution be made? Would it be mage through a W-2 paycheck as bonuses, or a separate check/bank withdrawal, or paid at the end of year etc... Also I wan...
Nick Bruckner
Widely Divergent Assumptions in Projected Appreciation; Alaska
I see posts in the BP Community about a collapse of the values of MF properties (reduction of cash influx from COVID, rental assistance programs, increasing supply from builders, lagging impact of recession, etc). I a...
Yinglu Wang
Any Property Management Company in Columbia SC?
Hi everyone, I am trying to get a quote for PM cost in Columbia, SC. I have only called 1 Property Management company. They charge 10% monthly rent + annual fee + 50% first month rent (marketing fee) + lease renewal f...
Pam Brown
What accounting software do you prefer? Not QuickBooks for this situation, please.
Hello! It's the TAXING time of the year! And starting 2023 off and runningAsking for your opinions about your favorite (or least favorite) accounting software programs other than QuickBooks. This has been a common t...
Lawrence Porter
Bonus depreciation has been reduced to 80%
Yes, there has been a change in the tax law regarding the bonus depreciation percentage.Previously, the bonus depreciation percentage was 100%, allowing businesses to deduct 100% of the cost of qualified assets placed...
Nathan Weber
Have you changed how you underwrite?
Throwing this out there because I like hearing opinions from the BP community. Has the current environment of inflation, cost of labor going up, supply issues and raising interest rates or anything else going on now, ...
Henry Li
S corp for Real Estate Agent
I have watched a youtube video that the CPA talked about forming a S corp and dump real estate agent commission into the S corp and pay less tax etc etc. my Question is, for most real estate agents, they are not the o...
Joaquin Arizpe
How to find funds if unemployed?
Two years ago I quit my Job in which I worked for 11 years, I invested most of my savings in Single Family Houses, buy, fix and rent and so far is going good. Now I am looking into other options in finding funds to bu...