Kate Johnson
Reviews of w/ "Flip with Quickbooks Online" course by Gita Faust?
I'm helping a friend start to get her books in order. I have some experience with Quickbooks Online, but not for RE. Has anyone purchased a course by Gita Faust at FastTrack Consulting called "Flip with Quickbooks O...
Verenna Huerta
Rolling over money to fund REI account
I am working on getting my first rental property within the next year and starting out by cleaning up my finances (paying off credit card debt). I am currently self-employed and have an existing retirement account wit...
Michael McIntosh
Michigan - Security Deposit Escrow
Hello BP! I finally closed on my first rental property in Michigan and have what I think is a fairly basic question.
Does a separate bank account need to be setup for each security deposit? Or, can this be deposited...
Account Closed
Land Trust/ Partnership LLC/ Real Estate Attorney
Me and my father now own 5 residential rental properties in CA and looking to protect ourselves from future potential problems. We are looking for full assets protection on our properties to protect from predato...
Diego Delacruz
What do I need to do when I have a private lender.
At the moment I have a house lined up for flipping. I'm going to partner with someone who has been flipping house for over 10 years but has never needed private lenders to flip homes. I have a private lender tHat woul...
Austin Latty
New LLC Questions
Hello BP,I am a new investor and just recently went under contract for my first flip property. I set up an LLC, and it will be buying the property. I also just opened up a business bank account. I have about 35k in...
Azki Shah
Banking and Commercial Loans
Hello everyone!Basic question:I'm trying to get my ducks in a row with banking solutions. I've set up a LLC and getting the paperwork together. I would like to pick up rentals as well as the occasional flip. Now, I'm ...
David Miller
Taxes on Capital Gains, special case
Hello BPers! The deal: 1. You have a paid off mortgage on an investment property intended to be an inhertance.2. There are 2 family members on the deed.3. One family member is retired and shows less than 35000 per ye...
Justin Morris
Taxes Of Flipping A Single Family Home
Looking for a CPA or accountants advice about the tax implications of fixing and flipping a single family home. When I resell the home do I just pay standard income tax or do I pay capital gains tax as well? Can I ded...
Gil Amram
Financing options - Somewhat unusual circumstances
Good day!This is my first post, so I will include a small intro to my question. I want to ask about financing options for an upcoming deal.My wife and I have been investing for about 8 years. We own 1 Duplex rental an...