Account Closed
Hold properties in one entity and manage them from another???
I currently am investing in single family rentals. I hold all of my properties in one LLC. The other day a woman threatened to sue me for discrimination ( I denied her because she had ZERO source of income at the t...
Peter Spiro
What's your day job?
I'm just curious, do most of you keep your day job and invest part-time, or REI is your full-time occupation? If you still work a normal full-time job, when and how much time do you need for your investing?
Casey Cu
Depreciation on Fixup
Hi, Purchased a foreclosed property, ready to rent n 10/15/07
I redid most things...
Here is how I planned on depreciating, but called IRS to ask a question, and they seemed to imply that all of these should be adde...
Andrew Solomon
Rental Property Analysis
Good Evening Pro-Member Community,I am a new to real estate investing, but have spent all my free time on educating myself. I have decided to pursue the buy and hold rental property strategy, and am looking for some g...
Robert Haney
Restructuring with 2 series LLCs or what? Need help.
I'm in Houston TX area. I have 3 real estate businesses I started 3 years ago. 1) Sole proprietor Fix and flip business: doing 15+ properties per year all cash with 6 to 9 properties in inventory. 2) Sole proprieto...
Rama Krishna
Rental properties and law suits
Hi All, I was doing some networking over the weekend with a person who made big in the Commercial real estate (retail) and he suggested me that, first advise I can give you is, don't deal with people/ rentals. Because...
Joe E.
LLC & Series feedback
Wanted to get some informal BP feedback on legal entities, and realize this is not legal advise. I wanted to learn more about setting up legal entities for REI. After finding a mention of a law firm which specialize...
Martin Saenz
Note Investing – Portfolio Management
Hello BP community, just checking in with the group for any tricks of the trade with portfolio management or accounting systems being used by note investors. I use QB Desktop Pro for all my accounting and it seems to...
Sean Brennan
Do any of you active investors do your own taxes?
Or do you hire a CPA?
I have always done my own, even since I've been self employed... but I am thinking that if I create an LLC and start doing deals it will probably be a good idea to get a CPA.
What do you think?
Andrey Y.
Favorite credit card
Thought it would be fun to see what credit card you guys like for your real estate business. I am not a flipper, I am only looking for a card to use solely for my RE business expenses (buy and hold), nothing else. Boo...