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We’ve all seen the dozens of opinionated posts about LLC vs. no LLC, maxing out personal umbrella insurance vs. creating legal entities, whether it’s worth it to create holding companies, pros/cons of series LLCs, and...
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I have been doing a lot of reading on all the options on self directed IRA investing. There is SO much out there... and everyone seems to be saying different things.
I want to pick the right vehicle to move $$ into ...
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I currently have 5 single family rental homes and I am getting ready to buy my first out of state property. It is a duplex. What do you find is the best way to keep track of your rentals? Do you have a separate ba...
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Do I need to have a checking account for each property I rent or can I use one for all?
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Hello everyone,
I’m looking for a good real estate accountant here in the Tampa area.
Regards,
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Hey all!
I hope all is well :)
When it comes to real estate investing, I've heard that many investors choose to form a two-member LLC with the default tax status as a partnership. However, I'm curious to know if it'...
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Hello people of bp, i am in the sf bay area and in the process of purchasing my first home. Through the pre approval i come to find out i am about 30k short in available funds in my account , and cant deposit the diff...
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Hello BP Family! When you rent your property how do you handle the rental income?Do you open a seperate bank account for that and also how do you handle the security deposit?Can someone please advise.Thanks
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I’m at the stage where I need to get my finances more organized. Previously I had one property and one bank account but now I have three- one just finished a rehab and the third the rehab is underway.Two use a PM but ...
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Hello,
Seeking opinions/insight into "loaning" from one of my corporations to another from a tax perspective:
Quick Background:
I have a C-corp for software development business. I have an LLC for my real estate bus...