Mark Douglas
Do you have separate bank accounts for each property??
Hello all,I'm on the cusp of closing on my first property ^^ and I want to have as much in place as I can.I know I'm going to open up a second checking account for this first property, to keep it separate from my pers...
Imran Shahzad
S Corporation vs. LLC for house flipping
Hello everyone, I am trying to flip 2 houses this year, buying with hard money loan, completely renovating/rebuilding and selling it. My question for bigger pocket community is . What entity be best for this purpose,...
Lori Brittain
writing off meals during REI meetups
Should I be saving my receipts when I attend local meetups for a tax writeoff?
Eric Williams
Disregarded Entity Qualification: Married Couple in Community Property State
Rev. Proc. 2002-69I found this guidance and thought I would provide a summary:It was issued to remove uncertainty surrounding treatment of an entity owned solely by a husband and wife in a community property state.Ess...
Katie Bustos
House hacking taxes?
We are buying our primary residence and it will have a 1 bedroom garage apartment in the back. We will start by renting this out to my father in law. Is this considered a rental property? Is there anything we need to ...
Nicole Austin
Reputable Private Lenders
What are the worries and concerns I should have regarding private lenders? Should I be leary of crooked lenders with my personal information? So many lenders are reaching out to me about my post, how do I know they ar...
Patrick Laffey
Can I short term rent back to back leases to the same tenant over 30 days?
Hey all! I'm a new landlord with some units becoming available soon. I am trying to rent to travel nurses mainly (13 week stays), but ideally, I'd like to keep my leases under 30 days to qualify as short term rental i...
Sean Mcintire
NAICS Code for Note Wholesaling
Hi all and thanks.NAICS Code for Note Wholesaling - what is it?Is it 531390???-----------------------------------------OTHER ACTIVITIES RELATED TO REAL ESTATEWholesaling could arguably fall under the following extende...
Blake Dials
Multiple Bank Accounts
If I am renting a property of mine just under my personal name do I need to set up a separate bank account and pay the property loan, taxes, insurance etc out of that separate account? Or can i just pay everything out...
William Allen
The Science of Achievement: The Recipe in 6 Steps
I have read many books, gone to workshops, and listened to people at the top of their game in a variety of industries. What I learned is that though a process can be individual, there are principles anyone can follow ...