Phong Lam
Can Self-Directed ROTH IRA purchase R.E. with tax-free?
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...
Steve Fitzgerald
Separate account for each property?
I have a short-term rental property and a long-term rental property. Right now, income and expenses are coming out of one account for both properties. From an accounting perspective it seems to be working ok, but is ...
Hideaki Yen
Question about accounting
How much accounting do we need to know to start in real estate? Do we just need to know the very basics like keeping track of net worth and balancing assets, liability, equity? Or do we need to know more advanced topi...
Richard Haug
Shifting into self directed Roth IRA
HelloI just thought of a possible way to shift funds out of my 403b retirement fund and wondering if it's valid.I work for a university and have a 403b. Recently reached the age of 59 1/2 so I can take funds out witho...
Kane Albarron
Managing income on a multi-owner property without LLC
Hi all, I've been reading these forums a lot the past few months, and have sort of gotten to a point where I am lost and need some extra help. Some background: I purchased a rental property 6 months ago with my partne...
Eric Geers
Roth IRA Consolidation?
My wife and I were only able to invest a little less than $10,000 in our respective Roth IRAs before our combined income disqualified us from contributing anymore. My question is this: Should we leave the money in ou...
Alaxic Smith
How do you verify income?
Hello!
I'm a software engineer working on a tool that allows landlords to connect to the bank accounts of potential tenants to verify their income, employment, previous addresses, and their identity. I'm making a po...
Sanjay Gupta
TurboTax Home and Business
I flipped property in 2017. We had two partners and used our personal name when buying. At time of buying, we did not have LLC setup.later on we have LLC and LLC taxes are taken care by CPA.How do we report sale of pr...
Joshua Minatel
Best way to pay yourself
Being a sole member LLC, what is the best way to pay yourself and not be in legal or tax trouble? All of my properties I buy are under my LLC.
Kyle A.
Attn Accountants! 50/50 "Handshake Agreement" Tax Implications
My best friend and I have a 50/50 stake in a rental property. He has a family and kids and did not have the free time to invest in real estate so he asked me to invest with him knowing that I have the time and experti...