Jason Allen
2020 capital gains questions
I bought a place three years ago and I’m thinking about selling it for a capital gain around 20 K my gross annual income adjusted is $50-$60,000. I am trying to figure out capital gains tax and what I don’t know is if...
Lucky B.
Should i create a new LLC,or pay the reinstatement fee on SUNBIZ?
Guys i need help here. I formed a LLC company in 2015 and i let it automatically dissolve last year(2017) by not filing an annual statement on Sunbiz.org. i did it on purpose because i was planning to sell my only ren...
Jonathan Small
How to account income from multiple properties on a single 1099
Scenario: I have 3 properties managed by on property manager. I receive one 1099 for all properties at the end of the year. I am using a CPA to do my taxes. How should the tax return capture each property separate...
John Smith
Down (3.5% v. 10%) PMI, Liquidity, Gains, Taxes, Projections
Have been reading forums & listening to podcast for over a year. Focused on cash flow & so on multi-families in part because of Bigger Pockets. Bought our 1st property last spring ($94,000 3-unit, using conven...
Neil Da Silva
SFH Central Florida - Need help with analysis!
Hey guys,I have what I believe to be a good deal in central florida however I'm not 100% sure! Hopefully you guys can help me out with this, I really need to know how to analyze this asap so I can secure this deal!Pro...
Mindi B.
Separate checking account for each rental?
I am closing on my second rental prop next month and want to use an LLC for asset protection. In order to receive rents and deposits I'll need a business checking account.
From what I've learned each property should...
Timothy Gerdes
Questions about what metrics to track
My brother and I own 4 different multi-unit (2, 3, or 4-unit) homes in Michigan. We have purchased them over the last 4 years or so. We kind of jumped into the whole thing without doing a ton of research. I feel li...
Bryan Hancock
The Case For A Geometric Mean For Quoting Returns
Return citations were getting thrown around on another thread a few weeks ago so I took the liberty of dusting off some old finance texts where people try to get quite specific about citing returns. The case is made ...
Rob Krin
The RIght Structure - am I getting ahead of myself?
Hi BP CommunityRob from Central NJ here.So I'm wondering if this question is a bit pre-mature considering I haven't bought my first proper investment property yet. I own 1 rental in a 55+ but it is occupied by my wif...
James Brand
Accountant/CPA who is Stessa savvy?!?
BP,Stessa was once (maybe still is?) a platform advertised for on the BP podcast...I have recently adopted it and am aggressively working through prior years' data to get the most out of the system. My question is if ...