Not sure if this is the proper category so please forgive me if so.Does anyone on BP use Wave Financial accounting app to track their rehab projects? If not what would you recommend?Just closed on my first house and ...
Hi everyone, I have some rental properties that I own in Texas and was looking to place them in an LLC for protection, however I was informed that you would need to pay a franchise fee that would take a large portion ...
I purchased a rental property in August 2018, I bought used furniture for the living, and dining room. Can I deduct the cost of that furniture in my taxes? If I can, in what section do I have to report that? The value...
Hello, I am looking for some options on financing. This house will be our 6th rental. We have also flipped a few houses.I am running in to a problem where the cash flow is good and it would be great to add this to o...
Hello! I'm looking to purchase my next investment property out of state (in Oklahoma) and would like to purchase it in an LLC. I currently live in Arizona. Should I form the LLC here in AZ or in OK? I'm also Active Du...
You guys have been absolutely amazing through this whole process. We are hopefully close to sealing the deal soon.We have now two applicants. Both seem to be a good fit. Both applied within minutes of each other. Both...
Hello,Can anyone refer me to a Certified Appraiser who has experience working with Real Estate Investors and Wholesalers who can provide an "opinion of value" on a subject property. I don't need an actual appraisal re...
I am wanting to pull my 401k out to make it a self-directed 401k and use it for some real estate transactions. I am having trouble finding CPA that knows all the nuances and inter-workings of this process, setting the...
Hello everyone, I am looking for a lender to provide a second lien on multiple single family rentals, but which is not based on personal income. Any suggestions?
I have search for a while on t his specific question but cannot find an answer. When filling out the IRS SChedule E for a multi unit property,
do i list each apartment separately or do i have to list it as a "pro...