Corinna Woodcock
Guidelines for what to expect to pay a CPA for first year LLC taxes
Hello!We were just hit with, what I feel is, an exorbitant tax prep bill of $1850. It's a new LLC with just one NNN rental income source. This cost equals 5.5% of our gross income for the year (nearly 2/3rds of one m...
Alec Esenther
Newbie Investor Looking To Network & Learn
Hello Everyone, I am currently based in Oconomowoc WI and I plan to invest in Oconomowoc, Watertown, and the surrounding areas. This year (hopefully), I plan to purchase a single family home and turn it into a duplex,...
Andrew Del Rio
FHA v Conventional with excellent credit & no debt
Newbie here, looking to get into my first deal. I want it to be a 2-4 unit, used as a primary residence. My question is how should i finance this? I have no debt and a 780 credit score. My understanding is that conven...
Richard Diaz
Private and Hard Money Lenders
Hey BP, I'm a new investor starting out in currently a Real Estate Agent but my goal is to use that as a gateway to get into investing with the capital from commission and the knowledge I Obtain doing l transactions. ...
Account Closed
What additional sources of income can I use to get a larger loan?
I am trying to get a larger loan amount from the bank for a property, but have been denied and counter-offered multiple times. I am located in the state of CaliforniaBesides Income from an Occupation, what additional ...
Shanita Parker
Friend Discouraging me from Wholesaling properties
I am just starting investing and I wanted to get my feet wet, so I decided to assign properties since my credit isn't so good. I have a friend who have been investing for I think about a year. She is discouraging me ...
Lisa Martin
Accessory unit rent not counted as income. What? What? What?
We have been careful to document and report all rental income to the IRS from our accessory unit attached to personal residence for the past 4 years.In our current application for investment loans our lender is tellin...
John Gastaldo
New Member From Los Angeles, CA
Hello people of BiggerPockets!My name is John, I'm from South Pasadena, which is a neighborhood in Los Angeles, CA. I'm a (so far) non-professional writer and musician. I make a decent living working at a busy restau...
Aundrea Newbern
NY is trying to outlaw income discrimination in housing
Gov. Cuomo is trying to outlaw income discrimination for housing. The bill he is introducing in NY will disallow any discrimination based on a resident's source of income (i.e. Section 8, non-wage income sources). Thi...
Mariah Jeffery
Becoming RE Professional for Tax Purposes
All,My husband and I own 28 rent units in another state. I co-manager these with my father-in-law. He is local and does showings and maintenance, and sends apps to me for processing. I do the advertising, and have to ...