Matthew Hollister
Creating a construction LLC for rentals
Hello this may be a silly question... but I was wondering is it beneficial to have a construction LLC for rental properties.. I have 7 SFH and I do all the work myself I'm always working on a BRRRR project. I buy a lo...
Bobby Masih
wholesaling property with backtaxes
have a property where seller wants 15k but owes 10k in backtaxes... instead of writing the option agreement for 25k (house is worth probably 20-25k), i offered him his full 15k to be conveyed as quit claim deed in hop...
Andrea Hauserman
Selling the LLC vs individual properties
On behalf of myself, not my work as an agent (thank you moderators), I'm looking for information about any consequences or considerations when selling an Ohio single man LLC with it's own tax ID that holds multiple re...
Kevin Galus
Accounting - Help - using QuickBooks
I have two checking accounts – checking 1 [day to day] and checking 2 [deposit accounts]I also have a long tem liability account setup 2300:2306 New River Security.I am not refunding this security – I want to move it...
Waldy Corniel
Rental property , Tax benefits & more
Protecting Your AssetsIf you are sued because someone is injured on your rental property, including a guest of the tenant, then your personal assets are not necessarily protected as an individual landlord. Regardless ...
Jeff L.
Should you combine properties in a single LLC or separate?
I currently have a single member LLC with a commercial property under long term lease. I am on the verge of purchasing my first vacation rental that I had planned on putting in the same LLC. However, my accountant sug...
Eric C.
SEP IRA contribution and loan qualifications - DTI calculations
I am looking to make a sizable SEP IRA contribution to reduce my tax liability, but I don't want to hurt my ability to borrow in the future by not making enough income. Is SEP IRA contributions added back in the way ...
Brandon Phillips
Primary to Rental 1031 Exchange
My condo is my primary residence. I have lived in it for one year. If I wanted to 1031 exchange it it needs to be an investment property. If i move out and say live with my sister, and rent out my condo to tenants, ho...
Paul Wiseman
Tax Tips for Living in Half a Duplex
Buying my first rental property, a duplex. Gonna live in one of the units. Need some tax tips probably obvious to you but not to me. Also, would I need a separate bank account for the rental income collected? Thanks
Dev Patel
What are tax benefits
What is the definition of tax benefits and what are some types. What do tax benefits help with and what are they good for in real estate investing.