Steven Burrows
Solo 401k
Looking to open a solo 401k under my current Home Improvement business which is a LLC. Need checkbook control and ability to take loans. Any recommendations from those that currently have the same.
Kaylee Loomer
How should I be investing at 18?
To be honest this is a bit off the topic from real estate but I am a bit puzzled as to how I should be investing into the stock market. I’ve learned all there is to investing into Roth IRAs, Index Funds and ETFs, but ...
Jeff S.
Instructions Form 1099-misc
Talked to my accountant today and he suggested I send 1099's. He said it is unclear what the repeal is all about. So, I went to the IRS to get forms and the lady at the counter said I am a trade or business and need t...
David Hite
Quickbook Strategies for Notes etc.
Hey everyone! I have purchased my first note, and it is about to be boarded. Once I start getting payments, I am wondering about everyone's strategy for how to track the note within my LLC's quickbooks company file....
Account Closed
What can the financial statement tell you
As a CPA and an investor, I'm well aware that reviewing financial statements is important. I'm curious what many of you as investors look at when reviewing these statements.
Besides the fact that there may be issue...
Tripp Warren
Types of Bank Accounts for revenues?
Hi all, I'm getting ready to go live with my very first rental. I want to set up a separate bank account to have rents deposited into. My question is; should I have multiple accounts to split rent revenues? What i me...
Josh Corby
Single-Member LLC Draws
Are you taxed on the money that you leave in the LLC's bank account? AKA the money that you don't draw out.
Greg Strunak
Cash flow/ passive income
Hi everyone,
I’m currently scaling my Airbnb business and reinvesting all my property’s income into growth. Eventually, I’d like to start using the cash flow to pay myself and work toward replacing my day job income....
Kayla Elliott
Changing the Retirement Mindset
How does one get past the idea of NOT having a traditional retirement account and into the mentality of leaning on rentals to consistently bring in cash flow? Grew up in a traditional household and trying to break fre...
Ben Morris
I hate my accounting system, shoe box with receipts, AHHHHH!
I have three SFH, and one under contract. At the end of every month I collect all of my receipts, and my credit card statement, add up all of my expenses and deduct that from my income. This process is ridiculous, ple...