Bruce Woodruff
Accounting /Tax Question?
We moved to a new state about a year ago and bought 2 STRs as part of our retirement 'plan'. Fast forward to April 2021...I took all the pertinent info to a new Tax guy that was recommended to me. We are under an exte...
Josh Trup
Advice on Finance setup for first rental property Duplex
Hello all,
In the middle of acquiring my first rental duplex in Ohio as an OOS investor. I have two major questions.
Should I open an LLC for it?Should I open a new checking and savings for it? (mostly what ive read...
Ron Feinsod
LLC"s and removing property from LLC
I have several rental properties that are in an LLC. It is my understanding that the purpose of the LLC is to protect the owner from liability issues and that in order to do that each property should be in it's own LL...
Jose Sandoval
First property rented. Now what?
I just signed a one year lease on my first rental property. Should I save the income for future expenses aka reserves or reinvest?
Paul Greenberg
Buying rental properties - Individual or LLC ??
I'm ready to dive in to rental property purchases in Palm Beach County, FL. Will be doing so with a family member and I don't know whose name(s) the property should be under, whose name(s) the bank accounts should be ...
Account Closed
Real Estate Agent in Northeast Florida
Newby to Bigger Pockets! Looks like a great site and forum. I live in Northeast Florida (Ponte Vedra Beach which is near Jacksonville and St. Augustine). I've been a builder and developer since the 80's in Texas, Sout...
Justin R.
Who has moved from QBO to Rentastic (or other RE based software)
Ive been using QBO for 8 years and it has been O.K. at best. I have a decent size RE portfolio, and use professional property management. I don't need a property management based software. I know how to use the basic...
Justin Fortunato
What are the benefits of an LLC? Separating business and personal accounts?
Currently I own three single-family houses. Two of them are rentals that I plan on keeping long-term and the third is a fix and flip I plan on selling in the next couple of months. I have an LLC that I started abou...
Trevor Davis
Tax write-offs when house hacking
I was wondering about the exact tax implications that there are when house hacking a single family home. I’ve read that you can either go by the amount of rooms rented vs rooms you occupy or by square footage of the h...
John S.
Is this the proper way to run a portfolio with multiple LLC's?
Hello everyone,
I'm a single investor with no partners.
I started by placing my 1st rental property into an LLC (for this example, *JOHN SMITH PROPERTY INVESTMENT, LLC*).
I just purchased a 2nd rental property l...