Maximilian Benjamin
Self employment tax with property in LLC
Sorry for the long post but I thought this was an interesting email conversation...
...which ensued when I began discussing with my CPA about future expansion and what I ultimately want to do with regards to real est...
Curtis Magee
How to rebound after a fire
Hello everyone,We just had a fire in our fourplex. Only one unit was damaged and the tenant agreed to pay for all repairs. I don't think she can afford to pay for the damages, therefore, we are preparing for small cla...
Alik Levin
Distribution to parent LLC is income but not child LLC expense
Dear all!I have a company structure where a parent LLC owns children LLC's that own properties. When I look at the books that I manage via QuickBooks Online the distributions from children LLC considered as an income ...
Matthew Lindsey
Need Help Analyzing a Property
Hi, so I found a off market property that I need help analyzing. I think I have given it too much thought and have mixed feelings about it. It’s basically 3 properties that contains 3 duplexes each for a total of 9 du...
Kyle Hussey
Roll 401k to Self-Directed IRA
Good morning BP Community,The company I work for was recently bought by another company. As I understand it, I have to roll that 401k into something...either a new 401k with the new company or an IRA . But I was thi...
Jennifer Pifer
Question about Self-directed IRA
Can anyone suggest a good customer service oriented Self-Directed IRA Company? I have just spoken with Equity Trust and in addition to their annual fees, they charge additional fees for such things as wire services. ...
AJ Stanis
Structural engineer or foundation repair company?
What is the difference? I want to get some foundation cracks looked at but most of the listngs look like repair companies. Is it better to go to a structual engineer? How do you find a good one?
Brandon Paul
Issuing 1099's for Vendors
When do you need to issue a 1099 to a vendor?After contacting several tax accountants for an answer to this question, as well as an IRS agent, the answer provided was the same:You must issue a 1099 to all vendors you ...
Account Closed
have you fixed someones credit?
i took a course last year on finding tenants who want to purchase a house but they can not due to bad credit --> lease optionsi have a paper that shows me how to fix their credit. basically i file a complaint. 1 l...
Kirstyn Indy
Parents- how to build your kid’s credit?
Does anyone know which credit cards will report an authorized user to credit bureaus? I’m trying to add my kid so he can build credit early but can’t find a card he can piggyback with me that will actually report to c...