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...
Mike Robinson
Accountant Recommendations, PA
Hello,I am looking for recommendations for a quality accountant in Pennsylvania, preferably one who owns real estate themselves and understands how to best maximize the tax code to reduce my taxes. Currently I'm start...
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...
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...
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...
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
I've done a rental analysis and have a question about the NOI
I've done a rental analysis on a potential rental property where I'd be charging $4200/month and the monthly expenses have come to $3635(Mortgage, tax, insurance, vacancy, cap ex, maintenance, Manage, HOA). The report...
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?