Hello Everyone,I'm a newbie investor. In Q4 of 2017 I created a multi-member LLC for my real estate business. We currently have no employees and no income. We have a defaulted partnership tax status. Is it still neces...

Hi all, My name is Zach, I live in California and after reading David Green’s book on Long Distance RE investing, I’ve identified a great market and I’m ready to start investing. I’m a full time Realtor, so I’m on a 1...

I’m in the process of doing my first flip.. I’ll be getting anywhere between 35-42k depending on how fast I can sell.. Once I get my profit.. then what?? I have an LLC.. obviously I would want everything going directl...

Hey everyone,A close friend and I are interested in purchasing investment properties in the US, I'm a citizen and have a rental property in the US currently. They are self managed,  i have never taken on partners but ...

Hello, my wife and I recently purchased a new primary residence and now renting out our previous primary residence.  We own the previous primary and so owe nothing on it.  I was able to rent it in less than 24 hours a...

My wife and I are realty agents, and we are in our first year. Up until now, we have been employed by companies that provided W-2s. I am doing what I can to keep track of our finances and tax obligations, but we are l...

I need to get our LLC set up (from what I read and re-read that's the way to go) but not sure if I should DIY it or go to an attorney (I understand they can be expensive??).  Also, I've been told that you have to reco...

I currently own a handful of properties here in Indiana. This past tax season I was required to start paying quarterly estimated taxes. I currently have my rentals set up in a single member LLC. I know I can increase ...

We are creating an new multi partner LLC for Flipping business(8 partners total, 2 partners will be active). We are looking at doing 2-3 Flips in first year. Is Flipping considered as active or passive like rental ? a...

I'm looking for some feedback from rental property owners as well as property managers, specifically in Arizona. As you all know most cities in Maricopa County and some in Pinal County have a rental sales tax. I'd bee...