Michelle E.
HUSBAND AND WIFE LLC'S - IS IT NECESSARY TO FILE A SEPARATE TAX RETURN FOR THE LLC?
I've had mixed answers on this and looking for help. My husband and I own 2 properties under separate LLCs. We file our taxes jointly. One year we were told that we needed to file a separate tax return for each LLC an...
Dave Daggett
perceived value of free standing range, drop in range, or separate cook top/built in oven
I am in the process of rehabbing a 1860 square foot, 4 bed/2 1/2 bath and will be changing out all the cabinets which give me the flexibility of installing a free standing range, or a drop in range, or separate coo...
Gino Wickman’s name is synonymous with business growth, entrepreneurship, and freedom. He spent the majority of his youth building up his father’s company to later sell it for a substantial sum. After teaching others ...
Benjamin D.
Can I draw from an existing HELOC before I sell? And a separate question about a lien
Hi, I have a lease ending on a rental property, and it's time to sell and buy in another location.The property has a mortgage, a HELOC, and also a 3rd lien where remaining equity was used as collateral for an unrelate...
Brad Kanouse
Started a LLC question
Hello all. Just started up my LLC. Would you suggest that you separate everything regarding your LLC from your personal so they don't have any connection? I know I should have a separate bank account, but would you...
Mary Jay
Is it ok to pay mortgages from the property management bank account?
Hi guys,I have a property management company that has a separate bank account and all of my tenants deposit the money into this account. Lets call it "Mary's Property Management LLC"Is it ok to pay mortgages from the ...
Samantha Kincaid
Bank Account per Property?
Should we set up one checking account per property?My husband and I purchased our small single family a few years ago. We are in the process of purchasing a duplex with additional rented storage space where we will mo...
Your tenant is breaking their landlord tenant lease agreement. What now? Do you go after the money or eat the loss? Depending on the amount, it may not even be worth the trouble. Either way, perhaps the more important...
Your first rental property is the hardest; trust us on that. You go through SO many strategies, different markets, and emotions throughout the process. Most wannabe investors get fed up and quit before they can build ...
Cash flow is hard to find in 2024, but these real estate markets have plenty of it. Since so many previously “cash-flowing” markets have seen rising prices, higher expenses, and limited housing inventory, we went back...