Jim Herbst
Contributing to 401k or 403b or ROTH vs. Saving for Down Payment on Investment Property
I have been inspired by the podcasts and insight on BP and appreciate how a LONG-TERM buy and hold approach (my niche and strategy) can lead to quite significant 'passive' income streams over time. I also understa...
John O'Brien
Opening Separate Bank/Credit Card Accounts in LLC
I'm looking to set up a separate bank account for my first rental and was wondering if anyone had best practices to share? The property will be in an LLC. Ideally, I would love to set up an ally-type-account to hold t...
Koki Agata
Kansas City MO Tax Accountant
Hello fellow BPers,
I am currently looking for a tax accountant to do my tax return for this year (and potentially for the next year and on).
I don't have a property yet for 2019 tax return, but I am in kind of a co...
Chris Waugaman
Rental Property Depreciation Tax Question
Hi All-
So I purchased my first rental property 2 years old. New construction townhome. My question is about Tax write offs. So my account has told me to not take the yearly depreciation on the property for my taxes...
Kevin Drysdale
Find Property or Investors First??
I've been studying and learning REI for about a year now. I am wanting to start with a few flips to generate some more capital to be able to get into some buy and hold properties. I'm building my team now - RE Agen...
Rebecca Lujan
Self Directed Ira's--Too many to choose from
I am looking to move my money out of a typical 401k account and into a self directed account. Can I get some recommendations for which companies to speak with? Good or bad? I remember doing some research on this last ...
Toan Pham
LLC for one property?
I know the general consensus is that you should have an LLC for protection but I was wondering if anyone decided to forego an LLC (for maybe an umbrella policy) when they had a single property? I'm in California so LL...
Marshall Secord
Flipping and saving on taxes with a Solo 401k
Hi BP, I've been flipping houses in Philly for nearly two years and I am coming up on my first year that I need to pay taxes on my gains. I recently met with my CPA to go through some of the best strategies to minimiz...
Steve Dora
1st Purchase utilizing HELOC...what are my options?
I have a few questions and I will definitely be seeking professional guidance as well, but wanted to throw this out in the forums.Background: I have just opened a single member LLC. I have a personal HELOC on my pri...
Joshua Kaufman
Commercial Late Fee calculations
I'm having an issue with rent collection from a commercial tenant. I offer an online payment portal to submit rent payments via ACH or CC - they "couldn't figure out how to use it" so I set us up to accept Zelle payme...