I will be getting a duplex and owner occupy it and rent the other unit.
Simple question:
Do I open a checking account to dump rents and deposit into? Will I be using this account for expenses and debt service as ...
Hello, I know it's late in the game... however, am now addressing the issue. Looking to find an accountant who works with investors and agents. I'm looking to do my personal taxes as an agent with various income so...
Hello BP Community,General question regarding using some of the cash flow from REI to fund monthly expenses. As an example, if I have 10 properties each bringing in $1000/month net for a total of $10k net monthly REI ...
Hello, I just set up an LLC for my second investment property. I plan to put both properties into the 1 LLC since neither of them have much equity. Someone once mentioned that it is common practice to set up 2 diff...
I am a military veteran with an accounting background. I am looking to transition into the field of real estate. More specifically, an investor looking to receive rental income and/or fix and flip. I am trying to figu...
Hi everyone I’m researching taxes on income tax for a rental portfolio. I see opportunities for a 200k multifamily which equates to 1300 a month mortgage/property tax. The rent for one of these in the same area is aro...
I plan to use some of my IRA funds as a down payment to buy and hold income properties. What type of lenders are out there? Will this be a commercial loan? I hope not :(TIA
Are you required to get a tenants W-9 form in order to open an escrow account, or is there an easier way to put it in to another type of account where you wouldn't have to do that?
If I were to direct deposit money from my 9-5 job into my business bank acct. Would I be taxed on that money 2X....Once for personal and once for the business?Also, would this violate keeping personal money/business m...
I am mulling options to see if this is a real problem for new or existing landlords today. I have a single property that I've started out with and for me to manage the costs I have a single account and an LLC. As I pl...