Jason Etheridge
Putting multi-fam property in business name while holding a loan
I am under contract on a 4 unit. What is the process of flipping the property into a business name for write offs and tax purposes? I’m told if you quit claim the property to a business name for write offs and protect...
Steven Werner
Best accounting software to use?
I am in the process of selecting a software system to use for a multiple property and growing portfolio. I understand QuickBooks and from what I have read from others is that the new subscription-based version is not ...
Chris Martin
deed restrictions - remain as one parcel
I have a tree-stand parcel, held in a trust (Equity Trust Company), that I am going to clear-cut and replant, roughly 90% with loblolly pines. My plan is to do pre-development work then transfer this parcel out of the...
Michael Ghim
Recs for business checking accounts and credit cards - can you have too many?
What do most do in terms of keeping rental business out of personal finances? My eventual plan is to scale - do most have a single financial LLC with its own checking account and each rental LLC finances go through th...
Johnny Dlcrz
Do you need to transfer property to llc name?
Hi , I have two rentals I own right out. one is a house with land and the other is a mobile home on leased land in a very good location . I just created an llc for these properties per my accountants recommendation he...
Andres Piedra
Mac/Apple Computer Software
Hello Friends!
I did a search on software and came up with about a Brazilian different forum discussions on software. Thought one more couldn't hurt.
I was considering purchasing the Quicken Rental ...
Tarik N.
Baltimore: Umbrella or LLC?
I have a four duplexes in Baltimore, and I am not sure which strategy is best for liability protection: 1) create an LLC, but transfer taxes are pretty prohibities, 2) have an umbrella policy ($1M? $2M?), or 3) a comb...
Francis I.
Buying Flips from Wholesalers with a Different LLC Name
Hello everyone,To active flippers out there with one main LLC (S-corp LLC for flipping purposes), how do you deal with properties purchased from wholesalers that are under a different LLC name (usually named after the...
Julie Pearson
Cap Rate template calculator
does anyone have a good template to use for calculating cap rates to buy rentals?Thank you]Julie Pearson
Jessica Lamont
What state to form your LLC for tax purposes. AZ OR NV?
Help! Our CPA suggested we form our LLC in Arizona because thats where our rentals are but a business lawyer thought it was weird that he didn’t suggest forming it in Las Vegas, NV (where we live) because it Should be...