Gary Singh
Is 1013 exchange is ava for persona level or LLC can do that too?
I have done about 10 of the 1031 exchages in the past at the personal name and ssn. Is it possible to do the 1031 exchage for LLC and INC too? I would like to transfer my personal portfolio to the LLC or INC and then ...
Kate Jones
Real Estate Bank Accounts
If you own multiple properties, do you have a bank account for each of those properties? How do you keep track of the finances if you have a say a duplex with two different sides/doors of the house that has tenants co...
Megan Greathouse
Reliance, Royal, or American?
I'm looking to open new checking/savings accounts with a local bank to keep my real estate investing money separate from my other personal accounts. Ideally, the bank will also be a good option for real estate or smal...
Chris Roush
Automate LLC Owner Withdrawls
Hello everyone, I am new to managing business accounts and bought 2 properties this year. I transferred ownership of the properties to my LLC, so now the income goes directly to the business checking account. I would ...
Esther Tama
Getting ready for tax season
New to REI this year, but prepping my files for taxes in the future. Besides the bookkeeping files from my PM, what are other things I should be preparing and filing to get the best tax benefits with REI? Do you guys ...
Bryan Johnson
BRRRR CASH OUT REFINANCING CRITICAL STEPS
HELLO EVERYBODY IM AT A STAND STILL HOPING SOMEBODY CAN GIVE ME SOME ADVICE ,CANT SEEM TO FIND THE RIGHT ANSWERS ANYWHERE.IM A BEGINNER AT REALESTATE INVESTING AND PLAN TO MOVE FORWARD SOON WITH PURCHASING PROPERTIES ...
Shawn H.
SMLLC Tax election with CPA
I created a Single member LLC at the end of last year. I called my CPA to ask about any consequences transferring from husband/wife to SMLLC (myself as the sole member). He mentioned that I would have to choose partne...
Thomas Harpole
Need help calculating profit for a Fix-Flip deal in Denver, CO!
Hi there,
My business partner (Jordan) and I need some help calculating the profit for our recent fix and flip in Denver, Colorado.
We, as a joint partnership, originally purchased the home for
$340,000. Jordan ...
Thomas O'Donnell
Should I set up a Checking/Savings Account for my rental?
I have been thinking about setting up a new account specific for my duplex. A checking account for rental income/paying the mortgage, and then a savings account to cover any maintenance or repairs. Does anyone have an...
N/A N/A
Where to get capital from...
Hello all. I am seriously looking into making the plunge into the REI field, primarily flips in the beginning and then onto rental units, but I am currently strapped for liquifed assets. Below are current standings;...