Robert Methven
HELP! Im makeing every beginner mistake in the book need answers!
Hi everyone! I need some guidance, I want to start out saying im a new investor from the Detroit area. I've decided to jump into the real estate game and am glade I did. I know I've made some mistakes and wanted to se...
Francis Rusnak
Hacks to make taxes easier
Hi. I'm a new member from Las Vegas. I'm at the beginning stages of my investing (love the podcasts) and was wondering if any veterans out there had any 'Tax Hacks'.I've considered getting a separate credit card just ...
Joseph Almeida
LLC bank account while being recognized as a S-Corp
I formed my business as a LLC in November 2022 my accountant then formed an S-Corp with the same business name in march 2023 NY state back dated my S-Corp to November 2022 I didn't know I needed to open a new bank acc...
Ade Babasola
Structuring a Syndication Group
Question on structuring a syndication group: I live in Ontario Canada. We do not have LLC option in Canada only Corp and LP. I am currently registering a corporation and was wondering if all deals purchased will be un...
Susan Bearce
Tax ID for LLC
Hi,
I have my LLC registered with the State and this is surely a newbie question but, Do I have to apply for an EIN before I conduct any business or open a bank account in the business name?
Account Closed
Schedule E - Multiple Buildings on One Address
Hi all,
I'm trying to make sure I understand how a schedule E would work with the following situation:
Five apartment units total that share the address 123 Main St., each with their own Apt. 1, 2, 3, etc. identifie...
Account Closed
Do I need to list LLC on tax return if I didn't make $ in 2018?
Hi all,I started a LLC in 2018 and didn't make any money on it.Do I need to list that on my tax returns?Thanks,Ben
Brian Rossiter
Contacts in Boise
I'm gearing up to start investing in real estate for the first time. Can anyone with experience in Boise recommend some good investment team members? I'm looking for a good real estate attorney, a lender, an acc...
Taylor Shapiro
Tax write-offs without ever selling a house as an agent?
I intend to pass my final RE exam for becoming a licensed real estate salesperson in the state of CT.
I'll be using my license primarily to search the MLS and make my own offers. on rehabs.
If I do not ...
Chris Scott
1031 3-flat Boarding House to Single Home Boarding House
3-Flat 2bd Apt, 2bd Apt, and 5bd 2 kitchen (I live in master bedroom) lease rooms separately 1yr at time, $40K income everyone has access to common area of main unit like a boarding house. Want to 1031 Exchange with ...