I'm currently buying multi-family properties with the goal of leaving my 9-5 office job. Should I be concerned about the lender doing a post-closing audit and accelerating the loan once they discover that I've left m...
Hey all,I'm wondering if anyone knows of a good tool that's purpose built for analyzing the current performance of an existing asset.For instance, I purchased a duplex ~7 years ago. Since purchase I've: addressed defe...
Hey all, I'm wondering if anyone knows of a good tool that's purpose built for analyzing the current performance of an existing asset. For instance, I purchased a duplex ~7 years ago. Since purchase I've: addressed de...
Hello BP,I am considering partnering with an individual who is bringing me a deal (apartment complex).However, he told me that he is being audited by IRS. Is this a deal breaker for me?I am concerned that IRS can go a...
Has anyone been audited by the Employment Development Department / DE 231TA?I've been operating for a number of years, and just got a letter informing me that I'm being audited. They want a large amount of documentat...
Hi Folks,
Our friends at the IRS are auditing my 2009 return, mostly because of my real estate professional designation.
I have a full time job and the rentals take up all of the rest of my time and I easily spend mo...
How often do you really dig into your reports and check to make sure everything is running smooth and as it should be?
I am currently trying to finish my application for my first House Hack; I currently own a trucking company in Texas. My current financial officer stated he needs an Audited profit and Loss for 2020 however that would ...
I own two, two unit properties in two different states. I co-own both of these properties with a family member, but for the better part of the decade the management, along with the lion share of associated expenses, ...
Hey BP! Does anyone know of a good audit CPA in North Carolina? I'm hoping to find a CPA that can perform an audit on a newly created LLC to qualify for a GC license upgrade. Again, it's a brand new entity with less t...