Frank S.
How Should I Seller Finance To Tenant
I have a single family home, 4 bedrooms, 2 baths, single story, 1800 sq. ft. in a nice suburb community in Houston, Texas. I purchased the home in 2009 for 121K and I would like to sell it today for 170K. It has had o...
Kent F.
Taxes & insurance escrow accounting ... and Stessa
I'd love to hear others' approach to accounting for property taxes and insurance. I have about two years experience managing my two triplexes with separate loans for each property. Currently my T&I are escrowed wi...
Catherine C.
Moving money from LLC bank account to personal Roth IRA
Hi All. What is the best way to do this? There is money in our business LLC bank account, however we'd like to transfer $6000 (the annual max) to a personal Roth IRA. Any tips appreciated, thanks!
Account Closed
Forming an LLC from the ground up
Hey Guys,My 3 Partners and I are in the process of looking for an attorney to help us legally form our LLC in New Jersey. The LLC will be a property management company, but will grow into a company that pools together...
David Yu
Solo 401K borrow money
I'm confused. Can you borrow money from solo 401k for personal use? I understand like buying your primary resident. Can you take a personal loan? Personal loan can be buying a car or anything personal like that ri...
Tam Nguyen
Best Practice for LLC Meeting Notes
I have several LLCs (holding company that owns LLCs in states where I currently have rental properties). I'm struggling with and have not found any good guidance on how to best keep minutes for my LLCs. Wondering if...
Connor Corkrin
Security Deposit Bank Account for Tenants
Hey again all,So I'm just finding out that there is a law requiring tenant's security deposits to be held in a separate account at 3% annual interest. Is this true?If so, are these types of accounts common with local/...
Bryan Lutz
LLC partnership single flip only
What is best practice? After closing on a flip, do you close the LLC or keep it open for the next opportunity? Even it were a partnership LLC?
Michael P.
Closing Costs For Rental Property
My question is, as you acquire a property you obtain a significant hit with closing costs. How do you roll that into your monthly, or annual breakdown for net profit?
John Morgan
Do I need to file a franchise tax report for my LLC?
I formed an LLC in Texas for my 6 rental properties last year. A letter from the Texas Comptroller of Public Accounts says my company’s first franchise tax report is due in May. What is this and do I need to file it f...