Kelly Dorethy
Business Structure - LLC
HI everyone!
I am writing to ask how you chose your business structure for taxable events and passthroughs? Specifically, is there any good reference material you could point me to....?
Kayl Kam
LLC, CPA, depreciation, tax write off - Rookie turning residential into rental
Hi all,I am planning to turn the current residential property (SFH, 4b/3.5b) into a rental since I am relocating to another state. I put 5% down 2 years ago (conventional loan with PMI), fixed interest rate of 2.875%,...
Gunnar Brown
Starting Out with or without a LLC/SCorp???
Good morning,I am seeing a lot of reference about LLC and my business being thrown around. Before i get started with my first investment property should i start a LLC or S Corp. What do you gain by doing this? Does...
Vedran Josic
How should I text message a home owner about buying? Any ideas ?
I found home owners numbers from my town and I want to start sending text messages to see if they are interested in selling.We are cash buyers and can close in 2 weeks. And should I use my regular number? Please, any ...
Brianna Salas
Got Cash, need deals! Advise?
Hey BP Community,I need help! My father and I stared real estate investing in Southern Ca (San Bernardino and Riverside County)as it’s been something we have always wanted to do and now that he’s retired we’ve got tim...
Nate Pucel
Buy, rehab, rent accounting questions
So I'm wondering if I maybe messed up when it comes to accounting and taxes while rehabbing a house to rent. The rehab has taken forever- 3 years. But, it's finally done. However, I'm worried that I didn't think a...
Viktor Singh
Why business account for rentals ?
Hello, I am new investor and have a rental. I was advised to open a business checking account for my rental. My question is why do a business account ? Why not an everyday account ? From brief research, i see business...
Daniel Mrestani
LLC v. Personal Name & Bank Account for Rent Collection?
I think this is the right place...
Getting some of my ducks in a row to dive in.
I know an LLC cannot get a loan on property through a bank. But curious on once I start collecting rent (yes, getting a bit ahead of ...
Sean Clark
Newbie question about Condo Conversions in FL
Hello everyone! I am a somewhat new investor currently residing in Ohio where I bought my first foreclosure home. I am looking at investing in a property or two in Florida and am hoping that someone who is familiar w...
William Jett Turnipseed
Hello, Just starting out.
Hello,
I am just starting out. Working on my first rental property. Have to make some repairs. I am also interested in purchasing another property that is ready to go with minimal repairs needed to start getting some...