How would you account for appreciation/upgrades to a new construction build from a Cost basis perspective?Ex) Original build was estimated to be $500k, however during the build upgrades were selected such as windows, ...
We live in Washington State (no income tax) and own properties in Washington and Indiana. The properties are currently held in our names. Our estate planning attorney recommended setting up a Series LLC in State of ...
For investors with a business over 2 years old and who have a business line of credit or business loan, are you still providing a personal guarantee? I've talk to a bunch of local banks over the last couple of weeks ...
From DIY $0 to a full-time staff hire, how much do you spend on tax advisors and tax prep and why? It’s our first year in business and lost at what I should spend and what I’m going to get in return.
Some context:My PM uses Buildium. Each month, I take the income & expense report generated by my PM and manually enter it into my bookkeeping software (just Excel) alongside other expenses (mortgage, landlord-paid...
A 20 unit apartment is listed for sale as part of a apartment complex. Anyone had any experience or thoughts about this? Any pros and cons?
I do a lot of my renovation work myself or run crews who complete the work for me. So much of my time is spent loading / unloading / and forgetting tools. I'm always interested in secrets or processes others have d...
A good client of mine asked me to manage his small commercial retail strip. I haven't had a property to manage like this before so my main question is how is the rental income handled? Does the tenant pay my compan...
Hi BPers,Hope you are all well Wanted to reach out and see if you have any recommendation for a company that can help me use my 401K from previous employers (now with Fidelity IRA) and convert them to a self directed ...
I live in the DC Metro area and have seen a lot of vacant properties around. Finding the owners is an endless task. Does anyone have any advice or an efficient way to find/purchase vacant homes, fire damaged homes or ...