Jonathan C.
Accounting Software/Program to Tag Expenses to a Specific LLC
Hey- so I'm bored even asking this question, but unfortunately this seems to be important according to the asset protection person I'm working with.I flip 20-30 houses a year. I'm going to be doing this in a Series L...
Brandon Bruckman
Solo 401k Custodians / Providers
Hello everyone. Who are your preferred custodian or provider of accounts for solo 401k or self-directed IRA. Obviously looking for the ability to invest in real estate, but also stocks and other alternatives. Lower...
Erin W.
Out of State Tax Considerations
Hi,Over time, I've browsed so many forum topics and now I'm thinking about investing out-of-state. I thought I remembered reading some advice about income tax vs some other tax in both your residence state and the st...
Stephen Brieloff
Airbnb and LLC - setting up business bank account
Hello!I operate an Airbnb listing, renting out the second bedroom of my primary residence (which I own). I recently opened an LLC for my other rental properties. With that, I have also opened up a checking account to ...
David Chappell
Taxable Income higher than Cashflow?
Hi everyone, I am running the numbers on a potential property and Im making sure I am doing this correctly.Here are the #s, if these look right I am paying $803 in taxes on a property that Cash flows $1,574??
Gross...
Sway Tseng
Conventional Mortgage Loan with Short Term Rental income < 2 years.
Any recommendations on Conventional Mortgage Loan for Primary home that will account for my short term rental income that is less than 2 years? Currently in the market for a Primary home, most lenders require minimum ...
Daniel H.
Tax Strategist and Accountants?
Hello all,In summary, I am a new real-estate investor. I am working to close on my second property this year. My market is rentals in Philadelphia, by year end I will have two triplexes (6 units total). I am a high ea...
Jarrod Ochsenbein
Taxes with house hacking
How do you claim taxes on a primary house that you house hack? My investment properties are easy to claim taxes on since they are 100% investments.Do you subtract the room square footage you live in and claim the res...
Aiyman Khan
How to practically make a distribution in an S corp
I am trying to figure out that how will the actual draw for a distribution be made? Would it be mage through a W-2 paycheck as bonuses, or a separate check/bank withdrawal, or paid at the end of year etc... Also I wan...
Lionel Church
Should I use a business name for managing my personal property?
Hello, Bigger Pockets community! Should I set up a DBA as a sole proprietor and open a separate business bank account for paying my mortgage and all property-related expenses?
I am in-contract for a multi-unit proper...