Gayatri Martin
Roth checkbook LLC NJ/NY
HI, I have read many questions and replies that have been helpful.
I live in NYC and BroadFinancial opened the business in NJ. "open a checking account at the bank of your choice." Is not true. They want to know wha...
Henry L.
Help me choose the right CPA?
All:I'm trying to decide find the right CPA firm? I'm a newbie, about to buy a MFH (which I already have an attorney for) but would like to set-up a legal entity, do my tax returns, and build a long-term relationship...
Scott Raley
Self Directed SEP IRA - Company Recommendations????
I'm in the process of evaluating two Trust companies with San Francisco Bay Area offices to convert my tradition SEP IRA into a Self Directed SEP IRA. I've narrowed my seach down to two companies. One is IRA servic...
Chang Hee Lee
Owner Financing on Apartment Complex
Hey BP,So a friend of mine is looking at a $1.4 million 14-unit apartment complex and has convinced the owner into talks for owner financing. The owner is selling because their partner is leaving for California and it...
Tanner Timmons
STR Condo - Summit County, CO
Looking at 2bd 1 or 2bth condos in Summit County, Colorado. Specifically, in the Wildernest of Silverthorne. Anyone have experience with STR rentals there? What’s the annual average income on a property like that? Ren...
Alvaro Rodriguez
LLC and tax concerns
Hello, I need some help. I opened my LLC last year and never used it. I recently paid to renew the register agent, but I didn’t know there was anything else to pay. Today I got a letter called “Texas Notice of Intent ...
Hai Van Nguyen
Do I need to draft a loan agreement? What is Paid-in Capital?
Hi Friends,I just set up a C Corp just for a dollar. Then I, myself, loan to my corporation some money (let say $A.00) so that the company can pay some operation expenses and can buy properties when the opportunities ...
Account Closed
Cash flow on Multi-family
Salutations BP community,
I hope you're having a sublime day on this day, a day with wondrous, illusory dreams. Alright, I'll stop. Onto a more serious note, imbued with gravitas, I am looking to use my home equity t...
Mike McGuire
LLC for each property?
My CPA suggested forming seperate LLCs for each rental property I purchase. He states that this limits my liability if there is an issue with one property. I have just one property currently, but I plan to purchase a...
John Wijtenburg
Quickbooks for Syndication
I am using Quickbooks for an LLC in my syndication with 100+ investors. Does anyone have a good set of best practices for setting up QB in managing capital accounts?