Shaun Palmer
North Carolina - Security Deposit Trust Accounts
Hey BPer'sI am trying to understand the legal aspect of security deposits as it pertains to a trust account in North Carolina. Basically, the NC Statutes state this:§ 42-50. Deposits from the tenant.Security deposit...
Nate Crump
Getting Money out of a Simple Retirement Plan
I have a question on behalf of a friend who isn't a member here. He is a small business owner, so he has money socked away in what he told me was called a "Simple Retirement Plan". I don't know much about those th...
Yun Han
Deloitte vs Local CPA: Which Tax Service is Best for You?
Hey everyone,
I have a question about tax services that I'm hoping to get some advice on. So, my employer is providing Deloitte tax services for me this and next year, which is pretty cool. However, I've only ever wo...
Brandon Powell
Solo401k Prohibited Transaction Question
Anyone have an opinion on the following?I own a property held in a non retirement LLC of which I own 25% and my wife also owns 25% of the LLC. Can I sell this property (owned by the LLC) to a non related buyer and h...
Melissa Thompson
In Search of a Bookkeeper
Hello, how did everyone find a bookkeeper who is well versed in real estate investing businesses? Thank you.
Ed Diaz
turn key property strategy
Hi everyone my name is Eddie , I'm looking to invest in rental property possibly in Orlando , or Tampa.I'm considering buying a turn key property so looking for any advice on any one who has experience with this typ...
Alan L.
CPA license and Real Estate Investing
Hi,
Are there any CPAs on this forum that have participated in any real estate investing themselves? and how has their CPA license benefit them (in anyway or at all) in their real estate investing activities?
I'm ju...
Stanley Nguyen
Tax on private lending fund
I have been lending funds to a close friend of mine for a rate of 8%. I got a 1099-INT from him to file my tax, which I paid a big portion out of 8% (effectively around 6% after paying the gov). Is there a better wa...
Alex Nelson
How to find a Real Estate savvy CPA?
Hi BP community,I am in my first year of investing. I currently own one duplex which i am still renovating and hope to start renting here in a few months.I purchased this duplex last year and have never filed taxes as...
Sunny Texas
Round Rock Investment property
I am about to buy our investment property in Round Rock, TX. Since the Electricity market here is open, there are lot of companies to choose from. Any suggestions from landlords in Round Rock? Please share your best a...