My husband and I formed a LLC to hold our soon to be acquired rental properties. I am now in process of registering for a federal EIN. I put the number of members as 2 but the government website is saying that we will...
Hi all, I am just starting out. I bought a rental in NC and someone told me that the rent money has to go into a separate account that just is for rental income.... is this true?
Hi,While purchasing property should I add property taxes and insurance in monthly payment and let escrow handle that or pay once a year?Which will be beneficial?ThanksNeetu
I am looking for advice on the best way to go about my situation to purchase my first multiplex. I am self employed in an industry that tends to sway each month drastically and is directly effected by the economy. My ...
Good Morning Everyone,What is the best accounting software option out there for a realtor to capture expenses/earnings and to do taxes?
What do your property managers provide to you for your taxes if anything or you you keep your own spread sheet?ThanksCora
Hello there everybody-
I have two questions I would like to ask and hopefully I get some good feed back, thanks in advance!
1. I know the max. contribution to an IRA account for 2008 is $5,000 unless you are over th...
Hello BP Community,How are you? Hope all is well! I'm a fairly new member on the BiggerPockets.I just have a question for you regarding how to use a ROTH IRA funds to purchase real estate properties. Since all funds a...
We are just about to enter into the STR world as we're putting our previous home up on AirBnB. I'm curious whether most people with one or two STR's just manage income and expenses through your personal accounts vs. s...
I’m currently looking at purchasing a 3 bedroom / 2 bathroom Single Family as a first time home buyer. I want to live in one bedroom and fill the other two bedrooms with “Tenants” / old college friends that have agree...