James R.
Beneficial Ownership Information Report for U.S. Government
I originally set up my RE LLC through ZenBusiness. ZenBusiness adds reporting requirements every year. I received the following email below from them. The rule went into effect January 1, 2024.
Have any of your al...
Rosalind T.
Creating a Series LLC structure for RE Investing
Hi BP community,When setting up your initial LLC for your investments, has anyone ever used a Series LLC for the ability to create multiple separate series under a main LLC? My understanding is that this is possible i...
Christine Garnier
Tax Lien Foreclosure Action - Multiple Lienholders - Alabama OTC Tax Lien
Alabama has now implemented the new tax lien system and many are left wondering how it really works, especially with the OTC tax liens. When multiple liens have been issued on a property, we now see multiple lienhol...
Jeyo Punnakottil
Do you need multiple QuickBooks accounts
I am a small landlord and want to do it right.I currently have 2 rentals . I have a quickbooks self employed account to keep track of my expenses ,miles etc . I heard from a cpa/accountant that you need to have mult...
Eric Gabriel
Need New CPA for Multi-State Return
I invested in a fund that invested in several states. As a result, I got a tax bill from my CPA for my business at $1600 (last year $500) and personal $1300 (last year $300).
I have...
-1 rental property in Por...
Justin Mavromatis
Accounting software for small short term rentals?
Hi Everyone, I am currently on my first short term rental/ investment property. My wife and I are doing our own renovations. I am looking for an accounting software to help me track my expenses. Home Depot, hardware s...
Dan Gallegos
Self-Managing, using Quickbooks...Questions
Hi All, I'm looking for an easier way to manage my properties and books. I'm spending too much time with only 5 units. I’m planning to acquire more properties, and I want something that I can scale. I currently have 5...
Will Skillman
Anyone use Fiver for a logo?
I am looking to have a logo designed. Anyone use Fiver or similar? Recommendations?
John P.
Consolidated K1s and state income taxes
I have looked at several different real estate investment funds to possibly invest some money. I won't name names as I don't think it matters. For simplicity let's say they both invest in 5 states that do have state ...
Charles Mangum
Will filing multiple claims for roof hail damage affect my ability to get insurance on properties in the future?
In 2013 I had two claims at two different rental properties of mine for hail damage. I have a house now that I'm going to put up for sale in October. It clearly has hail damage on the roof. It is probably about ...