Rick K.
100k/y excess income - looking for RE strategy
Hi all,I'm a 28 y/o software developer & entrepreneur. After taxes/mortgage/life/etc., I have about 100k excess every 12 months. I don't think this income will last forever, so I intend to invest all of it into lo...
Heather Kavarana
rental expenses divided between rental and personal use?
First the details. We went under contract on our new house end of January2012. Early February we started telling everyone we know that we were moving but keeping our old house to rent and that it would be available t...
Todd Snyder
Aspiring Real Estate Investor
Hello everyone!! My name is Todd Snyder! My wife and I are aspiring real estate investors! We are extremely excited to get into our first deal! I have purchased and read 3 of Brandon Turners books (No Money Down, Rent...
Aaron Law
Bookkeeping for multiple properties
Happy New investors!I currently have 1 commercial property and 1 LTR property. As I'm building my portfolio of real estate I'm wondering what the easiest way to set up bank accounts as well as keeping track of tenant'...
Cora Garvey
Don't know where to start
Hi everyone just don't know the right questions yet. Attended a free webinar and so want to begin my journey im real estate. Just don't know how to start here in Georgia.
Marcus Auerbach
20% deduction for rental income!
This came out this morning from the National Association of Realtors!Tax Win: IRS Provides Clear Test on How 20% Deduction Applies to Rental Income, Exchanges The Internal Revenue Service has issued final rules on t...
Matthew Albritton
Separate Bank Accounts per Property?
Hi Everyone,Quick question. I heard it is a good idea to have separate bank accounts per property. Is this recommended? Are bank accommodating?Thanks!
Chris Carrigan
Looking for Tax / Bookkeeping Help
Got a quote for strategic plan and monthly maintenance from a CTS for $12k+ for first year. I'm just starting with a new STR and can't swing all that right now. So I'm looking for someone to just help with what I ne...
Josh Trup
Advice on Finance setup for first rental property Duplex
Hello all,
In the middle of acquiring my first rental duplex in Ohio as an OOS investor. I have two major questions.
Should I open an LLC for it?Should I open a new checking and savings for it? (mostly what ive read...
Curt Bixel
Professional Tax Preparation or Not
For accounting, I use Rentec Direct, which allows me to keep track of all expenses and then prepare reports for all of my properties.The information the system exports seems like it is most of what is needed to prepar...