Danielle Wilburn
Mentor for flipping houses
I want to get into the business of wholesale real estate, idk where to start. I can learn on my own but there is so much information to take in. I really need a good mentor and somebody that really can help me get int...
Joshua Flamm
Setting Up Your LLC in foreign state
Long and short. I live in Florida. I am buying an STR in Tennessee. My CPA strongly suggested that I set up my LLC in the Tennessee for tax purposes. It has proven to be more difficult to set up than expected mainly ...
Daniel Murphy
depreciation recapture / property transfer / divorce
Hey all, we recently did a cost seg & bonus deprecation on our STR for about $180k worth of deprecation. Well... it turns out married life may not be married life by the end of 2023. Can anyone point me to resour...
Scott Davis
Looking for feedback on PCS
I had a meeting with a representative from Prime Corporate Services about their tax planning and strategies. They are charging $2995 one time fee $65/month for their service. This includes but business and personal fi...
Tasha Barnes
Is joining the local REIA worth it?
Hello All,I’ve been a member of BP since I purchased my first and only rental property in 2016 but have not been active at all. I currently still hold the property; it is a long term leasing investment property. I’m l...
Jenny Gremillion
Software for Managing Rentals
We currently own 6 SFH rentals and are looking to get to 10 this year. We manage the Rentals ourselves and I'm trying to figure out the best software to use to track expenses, rent payments, etc. I just bought Quickbo...
Megan Stone
REPS qualification questions
Im trying to breakdown some minor details of what exactly qualifies for REPS hours. I've received mixed answers1) 500 hour material participation--- Does travel to and from the property count? We live out of state and...
Jonah Downs
Favorite bookkeeping software?
Hello everyone, I'm just wondering what bookkeeping software everyone uses? I'm only going to be using it for three single family, long term rentals. Thanks for any suggestions!
William Godbe
Question about liability insurance
I'm looking to buy my first rental property, and had a question about liability insurance - I'm buying out of state, and I'm wondering if it'd be best to speak to a lawyer in my hometown about getting a liability insu...
Kyle Ross
BOOK KEEPING! Best Practice!
HEY GUYS AND GALS!
First off check out my about me to see what I'm up to.
I'm very thorough about research and cant find anything decent about BOOK KEEPING.
So far I have found Rentastic (program) (vs QuickBooks)...