Nadav Ben Horin
Adding partners to a Single member / Disregarded Entity LLC
Hello All!I have a single-member LLC which is currently classified as a disregarded entity for taxation purposes.If I add two partners as members to the LLC, what is the required procedure in order to update the IRS t...
Jackie Linne
Taxes for new LLC
Hello!I created a new Single Member LLC in Ohio for rental property. However the property is still under my name, Do I have to report taxes for the SM LLC (which has its own EIN) that technically has no income?I do ha...
Jon S.
Not my style, but anyone have exp w/weekly rent? Row house studio
I saw an extremely run down property with 3 tiny one room studios in a row house, perhaps 200 SF each! Another 1/1 was a little bigger. And a main house was about 2000 sf. This isn't the kind of property I would want ...
Account Closed
New to RE Investing- ready for my first rental investment
Hello Fellow BP'ers,I'm new to RE investing and wanted to get some advice from you all. I am a recent member to BP and so far, I'm loving the site and the members are always helpful and the depth of information on the...
Andre Strickland
LLC or no LLC "first rental"
Hi I'm Andre, I live in indiana I'm currently try to close on my first investment property which is a 2 unit rental.. My question is should I form a LLC or not due to tax purposes because I work as an electrician maki...
Dan Grove
How much should I keep in reserve
Hello all, I have the opportunity to buy more than one property but wanted to make sure I have enough money in reserve for problems with the rehab, longer time to get a tenant, etc. I am going to budget money for vac...
Jacob W.
Accounting for Inflation in new leases and lease extensions
I have a warehouse in downtown San Antonio I converted to office/retail suites about five years back. Most of our tenant leases have renewal options with automatic 3% rent increases each year. However, a few of the le...
Dutch Marc
Looking for CPA in Los Angeles Area
It's almost that time of the year again ... TAX TIME !!After using my current CPA for many years he finally retired last year. He was a CPA working for himself, No big fancy offices etc. I really likes his personal ap...
Nathan J.
LLC in Philadelphia PA
Hi there, I am sure this is old hat to many of you. Would love to understand important points in setting up an LLC in Philly. My goal is purely to protect my personal assets from lawsuits that may occur with rental pr...
Peter Zimmer
Managing Income from STR
We are just about to enter into the STR world as we're putting our previous home up on AirBnB. I'm curious whether most people with one or two STR's just manage income and expenses through your personal accounts vs. s...