Hello, I hope this message finds you well. I am reaching out to you because I am in need of assistance with setting up my QuickBooks system for buying and managing properties in GA.
As you may know, managing properti...
I have a passthrough single person llc that I ran rent and expenses through for a property that I personally own. In retrospect, I should have done this through my personal bank account, but what’s done is done! Tryi...
I currently have two long-term rentals and a midterm rental. The midterm rental is being renovated at the moment. I am in search of an efficient system to track my rental properties regarding income and expenses to m...
My mother in law is on fixed income, which is falling short. She has offered to put me on the deed of her house and asked if I can help supplement her monthly income. She currently has a mortgage, but has decent equit...
Hello, I am new to real estate investing and currently have my first investment property under contract. I read in the book on Rental Property Investing that I should get a business checking account for income and exp...
I have been thinking about starting a self directed IRA to save up for future Realestate investments. Does anyone have experience using self directed IRAs? What are the pros and cons?
Just wondering if it's a benefit to me to use my 401(k) to invest in real estate?
Question: Is it best to classify these expenses as education or consultation in order to avoid later IRS scrutiny?On the advice of this site I joined my local REIA. Unfortunately I didn't heed all the warnings. Went t...
Hi,
I have a consulting business (professional Corp). I pay $600 to lease my office. It turns out that it is common practice to sublease other days to offset my lease. I sublease at $250/day in this market. So I ca...
Hi everyone,I live in Phoenix, Arizona and have a rental that is owned by arizona LLC. I have a good problem - quite a bit of cash is sitting in LLC's business account and I would like to get some of that cash out. I ...