Hello, I am looking to connect with a CPA, preferably in the San Diego area but remote works just fine! I would like to set up the accounting for my rental unit correctly while I am still pretty fresh (just got the du...

I live in SoCal, and am getting into the biz of doing flips with my partner. We've started an LLC in Delaware, because we heard it was cheap (no lie, it is, and was easy), but I am wondering if we should keep the LLC ...

Hi all -- first time posting on this website. Please forgive me if this topic has already been addressed in another forum. I'm still figuring out how to navigate everything.Background: I'm based in Los Angeles and loo...

I had two questions on my first rental property that I recently bought1. Can I deduct the closing cost in my rental property taxes for 2023. I just bought it in Nov 20232. To buy this property I had taken out a fixed ...

My tenant paid a portion of their rent for December on 12/31/24 (late). I use apartments.com, so the money didn't end up in my account until 1/6/25.Is this considered income for 2024 or 2025?

I have just established my LLC and want to ensure I am on the right track. I plan to partner with another BP member and do mostly flips and add to my rental portfolio if the numbers work best. I plan to use the money ...

Hi All, So I did some looking around on the forums within this sub-topic and it looks like there are numerous recommendations for CPA. A question I have is about how much does it cost you to get the taxes prepared wit...

Does your LLC have to be in the state you will be wholesaling in? I’m currently in California and would like to start out wholesaling on the east coast 

I have few properties in CA and I would like to set up a structure which provides me anonymity and reduced liability.
I have set up a WY LLC and various real estate land trust where each trust will hold title to the ...

Ive seen people say to buy as an LLC and to buy as myself. What do you guys think is the best strategy as a new real estate investor?Thank you