Zehua Zhou
How to handle the tax forms from the property manager and the bank?
I just set up my solo 401k under uDirectIRA, and the LLC that will be 100% owned by the 401k, and ready to buy real estate using the LLC.
My question is regarding taxation. Should I give my LLC's EIN number or my 40...
Kirsten Braddock
Bank Setup for Rental Properties
I'm looking to get advice on how others are setting up their bank accounts. I currently have 3 rental properties. Last year I adopted the Profit First System (Mike Michalowicz) and use the following accounts to manage...
Patrick Snoke
Note business legal structure
I am undecided on the best legal structure to invest in notes as a side business. I have 3 options and each has their own things to consider. I have personal investment fund and an IRA of equal value1. Sole propriet...
Michael Plaks
Recordkeeping for a mixed business/personal trip
This is a partial FAQ for a very complex topic that has a lot of possible twists and complications. Maybe it will trigger a discussion leading to a more complete FAQ.Here is a scenario. Harry goes on a weeklong trip f...
Jaron Walling
Looking for a local CPA! Any advice welcome
Calling all Indianapolis investors. I'm looking for a CPA and trying to jump the gun before tax season comes around. If anyone has recommendations please reply.
I was previously recommended Michael P. McCormick in F...
Essam A.
German long distance investment - Question about founding LLC
Hello all,I am living in Germany and on my way to buy my first real estate in Atlanta Georgia.My strategy of investment would be BRRRR, But I don't want to buy as an individual, I want to found an LLC first and send t...
Joe Henry
What forms of payment do you accept?
What is the norm for accepted payment forms? (eg, cash, money order, etc)Why do or don't you accept certain forms of payment?
Nitin John Abraham
Managing Properties Remotely - What Tools do you use?
HI all, I own about ten doors in the Kansas City Area. They are being managed by 3 Property managers. My questions for all of you is how do you track your properties:
1) I use Trello to track each of the properties a...
Tom Chen
NOI Question
Hello - this may be a newbie question but from reading the various articles on BP and Investopedia, my understanding is that Net Operating Income (NOI) is defined as operating expenses required to run and maintain the...
Chris C.
Lawsuits and Self-Directed Retirement Acccounted
If one has an self-directed IRA or 401K, how do you go about insurance and lawsuits? For example, after regular home-owners insurance, could you be sued for the balance in your retirement account? Would you need to ...