Frank Oudheusden
Looking for a CPA in New Hampshire
Hey New Hampshire Crowd! I just moved to NH from Philly a couple months ago. Wife and I are back in her hometown of Lyndeborough/Wilton and I'm looking for a CPA. Willing to travel 1hr+ if required for the right p...
Jim Kalish
Accountant's Input Needed - Transferring Deed Ownership
Hi BP Family,I'm looking for advice from the accounting community. Here is the scenario:My son and I are 50/50 owners in an LLC.We own 5 residential properties with a total of 9 doorsWe account for all of the income ...
Kellen Driscoll
Partnership advice on multifamily deal
Hey BP,
I am currently looking to partner on a small multifamily deal with a friend. Basically my friend will put up the money for the down payment and I will handle everything else. My question is how should I handl...
James Wachob
Investing In Real Estate With Your IRA in Memphis, TN
As you know, real estate is at a 30 year low right now in many markets. Recently all over Wall Street Journal, New York Times, and countless other publications there have been stories about big Wall Street companies ...
Rene Hosman
How do you do bookkeeping and financial reporting for your rentals?
It's almost that time of year again... No, not the holidays. I mean tax season! I've been an excel bookkeeping person for a while but I think it's time to level up now that I'm doing my first BRRRR. I'm planning to ge...
Dale E.
LLC basics - the paperwork and accounts
Quick basic few questions on an llc:- I am getting a loan under my personal name and plan to then transfer it to the LLC. I am aware of the Due on Sale clause risks. I am wondering how it actually gets placed under th...
Caleb Gray
House Hack Improvements on Personal Side - Tax Implications
Hello BP,I recently did a small amount of improvement (<$1000) on one side of a duplex that I am now living in. Projects included installing vinyl plank flooring in two rooms, refinishing kitchen cabinets, and inst...
Mike Provencher
HELOC to fund new purchase
I have a duplex and live in one side, currently renting the other...would like to find another place to move to so I can rent both sides. Should I do a HELOC to get at my equity? Seems like it would be much better th...
Joe Wood
Section 179 on passenger vehicle
Hey everyone,Stumbled across section 179 while looking for ways to increase my deductions. Anyone familiar with this? My wife and I bought a Ford Edge which is in our names, not the LLC. Will we be able to expense par...
Kevin Wells
Short term investments
I have 5-10k I will need access to towards the end of the year (estimated 8 months). What are some options for this money other than the 1% interest savings account. Risk tolerance is medium on this money but if you...